6. The money multiplier formula shows effects ofA. a cash deposit into banking system on the money supply
B. low interest rates on creditors over a long period
C. federal reserve discount rate reductions on the bond markets
D. a required reserve ratio on excess reserves

I need help on this, Unit 6 Lesson 10, please. CCA

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Answer 1

Answer:

Answer: a cash deposit into banking system on the money supply

The money multiplier refers to the ratio of deposits to the reserves in a certain banking system. The money multiplier formula is caused by a cash deposit in a bank on the money supply.

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When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?

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When creditors make a decision about approving an individual for a credit card, they consider an individual's Debt to Income Ratio.

The creditors consider ratio to give your credit score and to determine whether that debtor has the capability to pay back their Debt.

The difference between a 2.5 percent and a 3 percent annual growth rate over several decades could be the difference between

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There were several reasons why the South was especially suited to produce cotton on a large scale. According to the course materials, which of the following was the most important factor?

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Answer:

The institution of slavery.

Explanation:

Slavery was not needed in the north because due to cold weather poor soil the Northerners depended on trade and manufacturing but in south the soil was fertile and plantation system was rampant so slave labour was utilised on tobacco and cotton farms.

Some of the large plantations had more than 200 slaves and there were laws that barred the slaves for earning their freedom, receiving education and freedom.

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Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark., decided two years ago to bolster its academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. Although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. (Source: Jonathan D. Glater and Alan Finder, "In New Twist on Tuition Game, Popularity Rises With the Price," New York Times, December 12, 2006) Based on the information above, the demand for Hendrix College education is

Answers

Answer:

Inelastic

Explanation:

Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.

PED = 37% / -25% = -1.48 inelastic

If PED > 1, elastic demand

If PED < 1, inelastic demand

If PED = 1, unitary demand

Final answer:

The demand for education at Hendrix College is price inelastic, as evidenced by the increase in enrollment despite a substantial rise in tuition and fees.

Explanation:

Based on the information provided, the demand for education at Hendrix College can be characterized as price inelastic. Price elasticity of demand refers to the change in demand for a product or service when its price changes. In this case, despite a significant increase in tuition and fees by 29 percent, the number of incoming freshman increased by 37 percent, indicating that the demand is inelastic. This means that students are willing to pay more for the education provided due to the perceived value, which could be attributed to the promise of hands-on experiences including internships, research, and service projects that the college offers.

Learn more about Price Elasticity of Demand here:

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