QUESTION 41 Check all of the following that are true. money cannot be "created" from nothing, but products can O demand is not how much we want a product, but rather our ability to purchase it, i.e., money There are plenty of things that people want that are still yet to be supplied such as a cure for cancer and other diseases, a time machine, or a fountain of youth, among others. If demand created supply, certainly such products would have long been developed by now Money is the return (income) for producing what people want Supply comes from the first three resources, namely, land, labor, and capital. These exist before the moneyQUESTION 47 Check each of the following regarding the Fed's response to the financial crisis in 2008. lowered interest rates QE1 V QE2 QE3 O QE4 lowered taxesQUESTION 1 Steven Manley deposits $1, 100,000 into Wells Fargo. The reserve ratio is .20, and legal reserves are $300,000. Wells Fargo can lo out $ of Mr. (Very) Manley's deposit. (no comma needed) 880000