« previous next »

Author Question: The intersection between the long-run aggregate supply and aggregate demand curves determines the: ... (Read 40 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
The intersection between the long-run aggregate supply and aggregate demand curves determines the:
 a. level of full-employment real GDP.
  b. level of prices (CPI).
 c. money supply.
 d. marginal product.
 e. both a and b.

Question 2

Suppose the required reserve ratio is 3 percent, and currency and reserves total 10 million. The maximum money supply that can be supported is:
 a. 13 million. b. 30 million.
  c. 97 million. d. 333.3 million.


kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ... As some groups do ethnic work, they produce a mythical long-lost heritage, as in this photo of ...
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library