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Author Question: The long-run aggregate supply curve (LRAS) is represented by a ________ curve with respect to the ... (Read 82 times)

lbcchick

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on: Jun 30, 2018
The long-run aggregate supply curve (LRAS) is represented by a ________ curve with respect to the CPI.
 a. horizontal
 b. upward-sloping
 c. downward-sloping
  d. vertical

Question 2

The required reserve ratio is the:
 a. actual amount of reserves that banks must hold.
  b. excess amount of reserves that a bank must hold.
  c. minimum amount of reserves the Fed requires a bank to hold.
  d. total amount of reserves that banks hold at all times.
  e. maximum amount of reserves that banks can hold to remain liquid.


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karlss

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

d

Answer to Question 2

c


lbcchick

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

alvinum

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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