This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In long-run full-employment equilibrium, which of the following is true? a. The CPI equals AD ... (Read 44 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
In long-run full-employment equilibrium, which of the following is true?
 a. The CPI equals AD equals the peak of the production function curve.
 b. The horizontal LRAS curve equals the intersection of the demand and supply curves inthe labor market.
 c. The CPI equals the aggregate production function at the equilibrium wage rates.
 d. The CPI equals AD equals SRAS equals LRAS.

Question 2

Suppose a bank has checkable deposits of 100,000 and the required reserve ratio is 20 percent. If the bank currently has 100,000 in reserves, it could expand the money supply by as much as:
 a. 100,000.
  b. 400,000.
  c. 0.
  d. 20,000.
  e. 80,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


viki

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Wow, this really help

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
The opening of the throttle plate can be delayed as long as 30 milliseconds (0.030 sec) to allow ... The opening of the throttle plate can be delayed as long as 30 milliseconds (0.030 sec) to allow ...
True Dover Sole True Dover Sole
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Energy sources - types

For a complete list of videos, visit our video library