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Author Question: In long-run full-employment equilibrium, the CPI equals AD equals SRAS equals LRAS. a. True b. ... (Read 150 times)

nelaaney

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on: Jun 30, 2018
In long-run full-employment equilibrium, the CPI equals AD equals SRAS equals LRAS.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In a simplified banking system with a 20 percent required reserve ratio, a 1,000 open-market sale by the Fed would cause the money supply to:
 a. increase by 200 b. decrease by 200.
  c. decrease by 5,000 d. increase by 5,000.


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alvinum

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

True

Answer to Question 2

c


nelaaney

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

kthug

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Reply 3 on: Yesterday
Wow, this really help

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