Author Question: In the long run, an increase in aggregate demand causes the price level to _______ and the long-run ... (Read 70 times)

codyclark · **on:** Jun 30, 2018

In the long run, an increase in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________.
a. decrease; decrease
b. increase; increase
c. decrease; remain unchanged
d. increase; remain unchanged

Question 2

If your bank receives a checkable deposit of 20,000 . and the banking system makes loans totaling 180,000 . the maximum possible, then the required reserve ratio must be:
a. 0.10.
b. 0.20.
c. 0.25.
d. 0.40.
e. 0.50.