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Author Question: In the first half of 2011, automobile sales in the United States were lower than they were in the ... (Read 94 times)

lilldybug07

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on: Jun 29, 2018
In the first half of 2011, automobile sales in the United States were lower than they were in the first half of 2010.
 
  The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.
  A) consumption; investment B) investment; consumption
  C) durable goods; nondurable goods D) nondurable goods; durable goods

Question 2

A bank is legally required to hold a fraction of its ________ as ________.
 
  A) loans; required reserves B) deposits; required reserves
  C) loans; excess reserves D) deposits; excess reserves


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billybob123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


lilldybug07

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Reply #2 on: Jun 29, 2018
Thank you


billybob123

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Reply #3 on: Jun 29, 2018
No problemo


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