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Author Question: Figure 4.3 illustrates the demand for tacos. Assume tacos are an inferior good. An increase in ... (Read 66 times)

maegan_martin

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on: Jun 30, 2018
Figure 4.3 illustrates the demand for tacos. Assume tacos are an inferior good. An increase in income would bring about a movement from
 
  A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.

Question 2

Suppose a bank has 200,000 in deposits, a reserve ratio of 10 percent, and reserves of 45,000. This bank has excess reserves of
 
  A) 155,000. B) 25,000. C) 10,000. D) 5,000.


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Shshxj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


maegan_martin

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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