Loans are: a. assets of banks, liabilities of borrowers. b. ...

[cagreen833]

Loans are:
 a. assets of banks, liabilities of borrowers.
  b. liabilities of banks, assets of borrowers.
  c. assets of banks and their borrowers.
 d. liabilities of banks and their borrowers.

Question 2

Consider a nation experiencing the relationship illustrated by the short-run Phillips curve. An increase in both unemployment and inflation in this nation over the next ten years can be explained by:
 a. a downward movement along the short-run Phillips curve.
  b. a series of outward shifts of the short-run Phillips curve.
  c. an upward movement along the short-run Phillips curve.
  d. a series of inward shifts of the short-run Phillips curve.
  e. a complete change in the slope of the Phillips curve.

[Kjones0604]

Answer to Question 1

a

Answer to Question 2

b

[cagreen833]

Thank you

[Kjones0604]

Happy to help you