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Author Question: An increase in the excess reserves banks want to hold, together with people taking currency out of ... (Read 70 times)

Kthamas

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on: Jun 30, 2018
An increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would:
 a. increase the money supply.
 b. decrease the money supply.
 c. leave the money supply unchanged.
 d. have an indeterminate effect on the money supply.

Question 2

The new Keynesian economists believed that:
 a. wages and prices are flexible in the short run.
  b. wages are flexible but prices are not flexible in the long run.
  c. wages are not flexible but prices are flexible in the short run.
  d. wages and prices are not flexible in the short run.
  e. wages and prices are not flexible in the long run.


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Li Jun

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

b

Answer to Question 2

d


Kthamas

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

cam1229

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  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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