Author Question: The long-run aggregate supply curve (LRAS) is represented by a ________ curve with respect to the ... (Read 119 times)

lbcchick · **on:** Jun 30, 2018

The long-run aggregate supply curve (LRAS) is represented by a ________ curve with respect to the CPI.
a. horizontal
b. upward-sloping
c. downward-sloping
d. vertical

Question 2

The required reserve ratio is the:
a. actual amount of reserves that banks must hold.
b. excess amount of reserves that a bank must hold.
c. minimum amount of reserves the Fed requires a bank to hold.
d. total amount of reserves that banks hold at all times.
e. maximum amount of reserves that banks can hold to remain liquid.