Central Banks
What will be an ideal response?
1st they regulate and oversee the nation's commoercial banks by making sure that banks have enough money in reserve to avoid bank runs
Economics
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A monopolistically competitive industry may feature
a. excess capacity. b. extraordinary profits. c. product differentiation. d. All of the above are correct. e. Only b and c are correct.
Economics
At a price of $1.20, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.40, the coffee shop would be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about
a. 0.15 b. 0.375 c. 2.5 d. 2.60
Economics