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Author Question: A perfectly elastic demand curve is vertical. a. True b. False Indicate whether the statement is ... (Read 62 times)

debasdf

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on: Jun 30, 2018
A perfectly elastic demand curve is vertical.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the reserve requirement was 5 and a bank customer makes a deposit of 1,000, the initial result would be:
 a. a 950 increase in required reserves and a 50 increase in excess reserves.
  b. a 20,000 increase in required reserves and a 950 increase in excess reserves.
  c. a 50 increase in required reserves and a 20,000 increase in excess reserves.
  d. none of the above


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bimper21

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

False

Answer to Question 2

d


debasdf

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Reply 2 on: Jun 30, 2018
Gracias!

Laurenleakan

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Reply 3 on: Yesterday
Excellent

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