In the short run, the equilibrium level of real GDP A) is ...

[aabwk4]

In the short run, the equilibrium level of real GDP
 
  A) is necessarily less than potential GDP.
  B) is necessarily equal to potential GDP.
  C) is necessarily greater than potential GDP.
  D) could be less than, equal to, or greater than potential GDP.

Question 2

The difference between actual reserves and required reserves is
 
  A) net worth.
  B) excess reserves.
  C) illegal reserves.
  D) desired reserves.

[ambernicolefink]

Answer to Question 1

D

Answer to Question 2

B

[aabwk4]

Thanks for the timely response, appreciate it

[bigcheese9]

Excellent