Answer: Option B
Explanation: In simple words, convenience goods refers to the commodities that are widely available in the market and can be purchased frequently with minimal efforts. Newspapers and candy bars are some of the many examples of convenience goods.
These goods are consumed or loose their values after one or few uses.
Answer:
B
Explanation:
this way he will not try to spend the money while saving
Answer:
The correct answer is D. Technological changes in the ways workers look for jobs is not a reason why the natural rate of unemployment can change over time.
Explanation:
The fact that workers looking for work change their search methods is not a factor that influences the natural unemployment rate of a given country. This is so because, in any case, this would influence the supply of workers, but not the supply of jobs, which is what ultimately determines the unemployment rate.
In other words, the lower the number of workers looking for work, the unemployment rate does not increase. Unemployment rates increase when what decreases is the number of available jobs.
The correct option is: decrease by $20 million and the money supply eventually decreases by $400 million.; if the reserve ratio is 5 percent, banks do not hold excess reserves.
<h3>Define the term reserve ratio?</h3>
The amount of reservable liabilities than commercial reserve requirement onto rather than lend off and invest is known as the reserve ratio.
The central bank of the nation, in this case the Federal Reserve in the United States, sets this criterion. It is often referred to as the ratio of cash reserves.
The amount of money that banks are required to hold with the Reserve Bank of India as a percentage of their Net Time and Demand Liabilities is known as the Cash Reserve Ratio (NDTL).
The goal of CRR is to guarantee the banks' solvency and liquidity.
Thus, if a reserve ratio is 5%, banks do not store extra reserves, and people must not hold currency, the money supply will eventually fall by $400 million and by $20 million.
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