Using the formula for an infinite sum, if "r" designates the reserve ratio, the 1 / reserve ratio would equal
A) (1 - r). B) 1 / (1 - r). C) r / (1 - r). D) 1 / [1 - (1 - r)].
D
Economics
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Whenever a firm's marginal costs are less than its average costs, its average costs must be:
a. falling. b. rising. c. constant. d. falling, then rising.
Economics
The focus of the short-run macro model is on the role of
a. spending in explaining economic fluctuations b. labor in explaining economic fluctuations c. financial markets in explaining economic fluctuations d. output in explaining economic fluctuations e. resources in explaining economic fluctuations.
Economics