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Author Question: Economic growth is represented by a: a. leftward shift of a production possibilities curve. b. ... (Read 89 times)

LCritchfi

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on: Jun 30, 2018
Economic growth is represented by a:
 a. leftward shift of a production possibilities curve.
 b. rightward shift of the long-run aggregate supply curve (LRAS).
  c. horizontal long-run aggregate supply curve (LRAS).
 d. downward shift of an aggregate production function.

Question 2

A bank currently has checkable deposits of 100,000 . total reserves of 30,000 . and loans of 70,000 . If the required reserve ratio is lowered from 20 percent to 15 percent, this bank can increase its loans by:
 a. 10,000.
  b. 15,000.
  c. 75,000.
  d. 5,000.
  e. 0.


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cam1229

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

b

Answer to Question 2

b


LCritchfi

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

scottmt

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

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