The law of supply states that, holding other factors constant, as price increases
a. Quantity supplied increases
b. Quantity supplied decreases
c. Quantity demanded increases
d. Quantity demanded decreases
a
Economics
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The required reserve ratio
A) is the amount of money that banks require borrowers to reserve in their accounts. B) is the fraction of a bank's total deposits that is required to be held in reserves. C) increases when withdrawals from a bank are made. D) is higher for banks that make riskier loans.
Economics
An increase in input prices will
A. aggregate supply to the left. B. aggregate supply to the right. C. aggregate demand to the right. D. aggregate demand to the left.
Economics