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Author Question: The production function is a relationship between the amount of labor employed and A) the wage ... (Read 79 times)

student77

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on: Jun 30, 2018
The production function is a relationship between the amount of labor employed and
 
  A) the wage rate paid to the workers.
  B) the maximum quantity of real GDP that can be produced.
  C) the maximum quantity of nominal GDP that can be produced.
  D) the amount of labor workers supply.
  E) all other resources at different levels of employment.

Question 2

Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 5 percent, an initial deposit of 10,000 will lead to a total increase in deposits of
 
  A) 500. B) 10,000. C) 50,000. D) 200,000.


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okolip

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


student77

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

tuate

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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