Suppose Diego deposits $4,000 in his bank. If the reserve ratio is 10 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $0 B) $4,000 C) $10,000 D) $40,000
D
Economics
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An economist says: "The demand curve has two interpretations." What does the economist mean?
What will be an ideal response?
Economics
Refer to the table below. If there were 200 buyers in the market, each with a demand schedule identical to Buyer 2 in the table above, then the weekly quantity of hamburger demanded in the market at a price of $4 would be:
The table below shows the weekly demand for hamburger in a market where there are just three buyers.
A. 8,000
B. 2,000
C. 7,400
D. 4,000
Economics