If a bank had demand deposits of $50 million and it faced a 25 percent required reserve ratio, it would be able to have a maximum amount of how many dollars worth of loans?

An indifference curve shows combinations of goods ________

A) which the consumer prefers equally B) that are affordable C) that are inside or on the budget line D) that have the same relative price

The substitution effect of a decrease in the price of an inferior good encourages the consumer to purchase more of the good while the income effect encourages the consumer to purchase less of it

a. True b. False