Money has value because the government decreed that is an acceptable means to pay debts

2. you take $100 you had kept under your mattress and deposit it on your bank account. if this $100 stays in the banking system as reserves and if banks hold reserves equal to 10% of deposits, by how much does the total amount of deposits in the banking system increase? by how much does the money supply increase?

What do economists mean when they use the latin expression ceteris paribus?

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr