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Author Question: In the long run, an increase in aggregate demand causes the price level to _______ and the long-run ... (Read 83 times)

codyclark

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on: Jun 30, 2018
In the long run, an increase in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________.
 a. decrease; decrease
 b. increase; increase
 c. decrease; remain unchanged
  d. increase; remain unchanged

Question 2

If your bank receives a checkable deposit of 20,000 . and the banking system makes loans totaling 180,000 . the maximum possible, then the required reserve ratio must be:
 a. 0.10.
  b. 0.20.
  c. 0.25.
  d. 0.40.
  e. 0.50.


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gasdhashg

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

d

Answer to Question 2

a


codyclark

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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