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

Author Question: The table shows the balance sheet for Ralph's Bank. If the desired reserve ratio is 15 percent, the ... (Read 110 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
The table shows the balance sheet for Ralph's Bank. If the desired reserve ratio is 15 percent, the maximum additional amount that Ralph's Bank can loan is equal to ________.
 
  A) 50
  B) 500
  C) 450
  D) 2,500

Question 2

What happens to the real wage rate and potential GDP if population increases?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

A

Answer to Question 2

An increase in population increases the supply of labor. As a result, the labor supply curve shifts rightward. The labor demand curve does not shift. The increase in the supply of labor means that employment increases and the real wage rate falls. The economy moves along its (unchanged) production function to a higher level of potential GDP.




kamilo84

  • Member
  • Posts: 495
Reply 2 on: Jun 29, 2018
Excellent


anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library