This topic contains a solution. Click here to go to the answer

Author Question: The position of the long-run aggregate supply curve corresponds to the economy's: a. ... (Read 44 times)

serike

  • Hero Member
  • *****
  • Posts: 542
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cegalasso

  • Sr. Member
  • ****
  • Posts: 295
Answer to Question 1

a

Answer to Question 2

c




serike

  • Member
  • Posts: 542
Reply 2 on: Jun 30, 2018
Excellent


tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library