Author Question: The position of the long-run aggregate supply curve corresponds to the economy's: a. ... (Read 35 times)

serike · **on:** Jun 30, 2018

The position of the long-run aggregate supply curve corresponds to the economy's:
a. full-employment real GDP.
b. maximum possible level of employment.
c. natural level of personal consumption expenditure.
d. maximum possible level of personal consumption expenditures.
e. maximum possible price level.

Question 2

A bank that has 10,000 in excess reserves can extend new loans up to a maximum of:
a. 1,000.
b. 9,000.
c. 10,000.
d. 100,000.