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Author Question: The position of the long-run aggregate supply curve corresponds to the economy's: a. ... (Read 41 times)

serike

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on: Jun 30, 2018
The position of the long-run aggregate supply curve corresponds to the economy's:
 a. full-employment real GDP.
 b. maximum possible level of employment.
 c. natural level of personal consumption expenditure.
  d. maximum possible level of personal consumption expenditures.
  e. maximum possible price level.

Question 2

A bank that has 10,000 in excess reserves can extend new loans up to a maximum of:
 a. 1,000.
  b. 9,000.
  c. 10,000.
  d. 100,000.


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cegalasso

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


serike

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

connor417

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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