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Author Question: Say the required reserve ratio is 20 percent. If you pay back a loan of 10,000 a bank had previously ... (Read 30 times)

abarnes

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on: Jun 30, 2018
Say the required reserve ratio is 20 percent. If you pay back a loan of 10,000 a bank had previously made to you, the act of paying back the loan:
 a. adds 2,000 in bank reserves.
 b. adds 10,000 in bank reserves.
 c. eliminates 2,000 in bank reserves.
  d. eliminates 10,000 in bank reserves.

Question 2

According to the long-run Phillips curve, which of the following will be the end result of an expansionary monetary policy when unemployment is at its natural rate?
 a. Zero inflation
  b. Deflation
  c. A constant level of potential real GDP
  d. A decrease in unemployment
  e. An increase in unemployment


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sultana.d

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

b

Answer to Question 2

c


abarnes

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Excellent

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