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Author Question: The Great Depression, in which real GDP fell and unemployment rose, can be characterized as a ... (Read 83 times)

Marty

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  • Posts: 553
on: Jun 29, 2018
The Great Depression, in which real GDP fell and unemployment rose, can be characterized as a ________.
 
  A) inflationary gap
  B) long-run equilibrium
  C) recessionary gap
  D) full-employment equilibrium

Question 2

In the balance sheet for the FBN bank above, the entries are in millions of dollars. If the desired reserve ratio is 10 percent, FBN Bank has desired reserves of
 
  A) 360 million.
  B) 120 million.
  C) 280 million.
  D) 0.


aliotak

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  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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