Author Question: Economic growth is represented by a: a. leftward shift of a production possibilities curve. b. ... (Read 82 times)

LCritchfi · **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.