This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In long-run full-employment equilibrium, which of the following is true? a. The CPI equals AD ... (Read 73 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
In long-run full-employment equilibrium, which of the following is true?
 a. The CPI equals AD equals the peak of the production function curve.
 b. The horizontal LRAS curve equals the intersection of the demand and supply curves inthe labor market.
 c. The CPI equals the aggregate production function at the equilibrium wage rates.
 d. The CPI equals AD equals SRAS equals LRAS.

Question 2

Suppose a bank has checkable deposits of 100,000 and the required reserve ratio is 20 percent. If the bank currently has 100,000 in reserves, it could expand the money supply by as much as:
 a. 100,000.
  b. 400,000.
  c. 0.
  d. 20,000.
  e. 80,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


viki

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Gracias!

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ... Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ...
Full-term Twin Full-term Twin
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library