Author Question: A perfectly elastic demand curve is vertical. a. True b. False Indicate whether the statement is ... (Read 109 times)

debasdf · **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