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Author Question: The short-run aggregate supply curve (SRAS) is based on the theory that wages are flexible. a. True ... (Read 23 times)

EY67

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on: Jun 30, 2018
The short-run aggregate supply curve (SRAS) is based on the theory that wages are flexible.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial increase in excess reserves of 100,000 . the money supply:
 a. increases 100,000 b. increases 500,000.
  c. increases 600,000 d. decreases 500,000.


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mathjasmine

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

False

Answer to Question 2

b


EY67

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

lcapri7

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Reply 3 on: Yesterday
:D TYSM

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