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Author Question: The intersection between the long-run aggregate supply and aggregate demand curves determines the: ... (Read 39 times)

james0929

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on: Jun 30, 2018
The intersection between the long-run aggregate supply and aggregate demand curves determines the:
 a. level of full-employment real GDP.
  b. level of prices (CPI).
 c. money supply.
 d. marginal product.
 e. both a and b.

Question 2

Suppose the required reserve ratio is 3 percent, and currency and reserves total 10 million. The maximum money supply that can be supported is:
 a. 13 million. b. 30 million.
  c. 97 million. d. 333.3 million.


kalskdjl1212

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

e

Answer to Question 2

d


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