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Author Question: Other things remaining the same, an increase in the price level A) decreases the quantity of real ... (Read 78 times)

SGallaher96

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on: Jun 30, 2018
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.


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k.lashomb

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


SGallaher96

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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