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Author Question: Open-hearth technology quickly replaced the Bessemer converter in the steel industry. This is an ... (Read 88 times)

colton

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Open-hearth technology quickly replaced the Bessemer converter in the steel industry. This is an example of Schumpeter's creative destruction process.
 
  Indicate whether the statement is true or false

Question 2

If the Federal Reserve sells 10 million in government securities in the open market, with a 10 percent required reserve ratio on deposits, the maximum increase in deposits would be
 
  a. -50 million.
  b. -100 million.
  c. 10 million.
  d. 100 million.
  e. none of the above



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sailorcrescent

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Answer to Question 1

True

Answer to Question 2

B




colton

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


xiaomengxian

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Reply 3 on: Yesterday
Excellent

 

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