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

Author Question: Other things remaining the same, an increase in the price level A) decreases the quantity of real ... (Read 34 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
Other things remaining the same, an increase in the price level
 
  A) decreases the quantity of real GDP supplied.
  B) decreases aggregate supply.
  C) increases aggregate supply.
  D) increases the quantity of real GDP supplied.
  E) neither changes aggregate supply nor changes the quantity of real GDP supplied.

Question 2

If the reserve ratio is 10 percent and reserves in the commercial banking system increase by 10,000, the maximum possible expansion of demand deposits is
 
  A) 90,000. B) 1,000,000. C) 10,000. D) 100,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

k.lashomb

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

D

Answer to Question 2

D




SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library