Assume the required reserve ratio is 10%. Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, and excess reserves are $15 billion. a. Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier?

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A: TC = Total revenue  MC = Marginal cost  TR = Total revenue  FC = fixed cost MR = Marginal revenue 

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A: Utility: - Utility is the satisfaction derived by any consumer from consuming a good or service.

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A: "Correct answer is option B."

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A: The elasticity of supply is the responsiveness in quantity supply due to changes in price.

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Q: Write a money demand function and explain the determinants of money demand.

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A: The correct answer is given in the second step.

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A: Supply Side Recession A supply-side recession happens when an economy is driven into a downturn thro...

Q: Why are environmental regulations sometimes considered to be unfair barriers to trade?

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Q: B. Under market condition, firms make normal profits in the long run.

A: To find : Under which market firm make profit in long run. 

Q: :0. Economic survey is published by

A: To find : Who publish economic survey. 

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Q: B. Which one of the following is the task of the Planning Commission? Drenaration of tbe plan

A: To find : Which is task of planning commission. 

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.