This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An increase in the excess reserves banks want to hold, together with people taking currency out of ... (Read 32 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
An increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would:
 a. increase the money supply.
 b. decrease the money supply.
 c. leave the money supply unchanged.
 d. have an indeterminate effect on the money supply.

Question 2

The new Keynesian economists believed that:
 a. wages and prices are flexible in the short run.
  b. wages are flexible but prices are not flexible in the long run.
  c. wages are not flexible but prices are flexible in the short run.
  d. wages and prices are not flexible in the short run.
  e. wages and prices are not flexible in the long run.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Gracias!

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

The postoperative client supports an incision with a folded pillow when taking a deep breath and cou The postoperative client supports an incision with a folded pillow when taking a deep breath and cou
Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
People riding bikes in Netherlands People riding bikes in Netherlands
In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione
Put two tennis balls in a sock, then tie a knot in the end of the sock to hold the balls together. Put two tennis balls in a sock, then tie a knot in the end of the sock to hold the balls together.
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library