Author Question: The full-employment level of real GDP is the level which can be produced with: a. given technology ... (Read 109 times)

laurencescou · **on:** Jun 30, 2018

The full-employment level of real GDP is the level which can be produced with:
a. given technology and productive resources.
b. frictional and structural unemployment equal to zero.
c. cyclical unemployment equal to zero.
d. both a and b.
e. both a and c.

Question 2

Best National Bank is subject to a 20 percent required reserve ratio. If this bank received a new checkable deposit of 1,000 . it could make new loans of:
a. 500 b. 800.
c. 1,000 d. 5,000.