U.S. official reserves are A) equal to the balance on the ...

[bobthebuilder]

U.S. official reserves are
 
  A) equal to the balance on the capital and financial account.
  B) equal to the value of U.S. government debt in the hands of foreigners.
  C) equal to the government's holding of gold.
  D) equal to the value of the government's oil reserves.
  E) the government's holding of foreign currency.

Question 2

Suppose the full-employment equilibrium real wage rate is 11 per hour while the actual real wage rate is 12 per hour. If the actual real wage rate does not change, then
 
  A) job rationing will decrease.
  B) the production function will shift downward.
  C) job search will decline.
  D) job rationing will occur.
  E) a positive Okun Gap will occur.

[billybob123]

Answer to Question 1

E

Answer to Question 2

D