Suppose that all banks maintain a 100 percent reserve ratio. If an individual deposits $ 3,000 of currency in a bank,
A. the money supply is unaffected.
B. the money supply rises by more than $3,000.
C. the money supply rises by less than $3,000.
D. the money supply decreased by less than $3,000.
Answer: A
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The median wage among physicians is over $166K a year, while the median salary for physician assistants is $86K a year
These salaries suggest that physicians have ________ human capital than physician assistants and hence the demand for labor for physicians is ________ than the demand for labor for physician assistants. A) more; less B) more; greater C) less; greater D) less; less
Suppose there is only one producer of frames, a necessary component in manufacturing computer monitors. Because of the threat of entry, this firm charges its customers a price equal to average cost. One reason that a producer of computer monitors may make rather than buy frames is
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