Author Question: If the economy is in short run equilibrium then A) real GDP equals potential GDP. B) nominal GDP ... (Read 116 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
If the economy is in short run equilibrium then
 
  A) real GDP equals potential GDP.
  B) nominal GDP equals potential GDP.
  C) real GDP cannot be equal to potential GDP.
  D) real GDP can be greater than, less than, or equal to potential GDP.

Question 2

A bank's required reserves are calculated by multiplying ________.
 
  A) its deposits by the required reserve ratio
  B) the sum of its deposits and cash in its vault by the required reserve ratio
  C) cash in its vault by the required reserve ratio
  D) the gold in its vault by the required reserve ratio



tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library