If the Fed increases the supply of bank reserves, ________
A) consumption falls B) investment falls
C) the federal funds rate falls D) the inflation rate falls
C
Economics
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International data suggests that
a. convergence is not taking place. b. convergence is taking place among poor countries but not among rich countries. c. convergence is taking place among all countries. d. convergence is taking place among rich countries but not among poor countries.
Economics
If a 1 percent increase in price causes a 2 percent increase in quantity supplied, then supply is
A) elastic. B) inelastic. C) unit elastic. D) infinite.
Economics