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In The Beautiful Tree, Dr. James Tooley describes how he found, in developing country after developing country, countless private schools aimed at educating the poor's children. The schools are completely self-funded, relying on tuition to pay salaries and upkeep. Although the teachers are effective, the schools are very basic: large playgrounds and modern building construction are very rare. Based on this information, what is the elasticity of the supply of schools?
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Funds placed into banking institutions for safekeeping, which can earn interest over time depending on the type of account.
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The branch of the Federal Reserve System that determines the direction of monetary policy, including decisions on interest rates and the growth of the United States money supply.
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Officials who head the regional Federal Reserve Banks, playing key roles in monetary policy discussions and implementation in the United States.
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