Which of the following is closest to the definition of demand?
a. People's willingness to supply goods at specific prices.
b. People's willingness to buy goods and services at given prices.
c. People's expectations of lower prices of goods and services.
d. Producer's expectations of selling more goods.
e. The interaction of people's willingness to buy and sell goods.
b
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The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, it will make
A) more loans. B) fewer loans. C) no change in its lending. D) you cannot predict what the bank will do from this balance sheet without more information.
Which of the following is a cost of economic growth?
A. the sacrifice of current consumption B. inflation in consumption goods C. the sacrifice of future consumption D. excessive depletion of a nation's natural resources