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Author Question: When demand and income move in the same direction, a good is said to be: a. a normal good. b. an ... (Read 63 times)

Medesa

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When demand and income move in the same direction, a good is said to be:
 a. a normal good.
 b. an inferior good.
 c. a complementary good.
  d. a substitute good.

Question 2

Suppose you found 2,000 hidden in your mattress and deposited it in a demand deposit account at your bank. If the reserve requirement was 25 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves.
 a. 2,000; 8,000
  b. 2,000; 6,000
  c. 1,500; 8,000
  d. 1,500; 6,000



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ky860224

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Answer to Question 1

a

Answer to Question 2

c




Medesa

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


flexer1n1

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Reply 3 on: Yesterday
Wow, this really help

 

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