Author Question: The intersection between the long-run aggregate supply and aggregate demand curves determines the: ... (Read 90 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
The intersection between the long-run aggregate supply and aggregate demand curves determines the:
 a. level of full-employment real GDP.
  b. level of prices (CPI).
 c. money supply.
 d. marginal product.
 e. both a and b.

Question 2

Suppose the required reserve ratio is 3 percent, and currency and reserves total 10 million. The maximum money supply that can be supported is:
 a. 13 million. b. 30 million.
  c. 97 million. d. 333.3 million.



kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

e

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

For a complete list of videos, visit our video library