Author Question: Figure 4.3 illustrates the demand for tacos. Assume tacos are an inferior good. An increase in ... (Read 52 times)

maegan_martin · **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.