Economic growth is represented by a: a. leftward shift of a ...

[LCritchfi]

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.

[cam1229]

Answer to Question 1

b

Answer to Question 2

b

[LCritchfi]

Great answer, keep it coming

[amit]

Thanks for the timely response, appreciate it