The position of the long-run aggregate supply curve corresponds ...

[serike]

The position of the long-run aggregate supply curve corresponds to the economy's:
 a. full-employment real GDP.
 b. maximum possible level of employment.
 c. natural level of personal consumption expenditure.
  d. maximum possible level of personal consumption expenditures.
  e. maximum possible price level.

Question 2

A bank that has 10,000 in excess reserves can extend new loans up to a maximum of:
 a. 1,000.
  b. 9,000.
  c. 10,000.
  d. 100,000.

[cegalasso]

Answer to Question 1

a

Answer to Question 2

c

[serike]

Excellent

[tandmlomax84]

Thanks for the timely response, appreciate it