Economics Discussion

timer Asked: Apr 15th, 2014

Question Description

This is due Thursday.

Week 5 Question 2.docx

This is due Thursday. I need a 100-125 word response for each question. References if possible. Question 1 Explain the creation of money from excess reserves and the multiple deposit expansion in the banking system. How does the multiplier affect the supply of money? Question 2 The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage. Explain the difference and give an example.

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