Answer:
True
Explanation:
That is true for any product but luxury products.
Answer:
Money Multiplier= 1/ reserve ratio = 1/10% = 10
Change in Money Supply = Change in Reserves * Money Multiplier
= 1,000 * 10 = 10,000
So, option d is the correct option.
Answer:
The answer is C. Development and use of model to test
hypotheses
Explanation:
Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.
Examples of Economic theories are
Classical economic theory
Keynesian theory
New Classical theory
New Keynesian theory
Answer:
since 1 <= allowable increase
optimal solution won't change
hence
1500 * 1 + 1000*1 + 1000*2 + 2833.33* 3
= 13000
Note: Complete question is added in the attachment
The answer would be : <span>disbursement float.
Hope this helps !
Photon</span>
