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Author Question: In the above figure, the economy is currently at point A. Suppose that the money wage rate and the ... (Read 86 times)

Pea0909berry

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on: Jun 29, 2018
In the above figure, the economy is currently at point A. Suppose that the money wage rate and the price level both fall by 10 percent. Firms will be willing to supply output equal to
 
  A) less than 16.0 trillion.
  B) 16.0 trillion.
  C) more than 16.0 trillion.
  D) Without more information, it is impossible to determine which of the above answers is correct.

Question 2

Depository institutions do all the following EXCEPT
 
  A) minimize the cost of obtaining funds.
  B) create liquidity.
  C) pool risks.
  D) create required reserve ratios.


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djpooyouma

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

B

Answer to Question 2

D


Pea0909berry

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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