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Author Question: Open-hearth technology quickly replaced the Bessemer converter in the steel industry. This is an ... (Read 67 times)

colton

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

True

Answer to Question 2

B


colton

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

atrochim

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Reply 3 on: Yesterday
Gracias!

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