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 27 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
YES! Correct, THANKS for helping me on my review

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

The features found in a long bone. The features found in a long bone.
A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ... A cutaway of a typical water pump showing the long bearing assembly and the seal. The weep hole is ...
A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
Passive movement of the hip through its full range. With one hand just above the knee and the other ... Passive movement of the hip through its full range. With one hand just above the knee and the other ...
Long stroke used in lymphatic facilitation. Long stroke used in lymphatic facilitation.
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library