The long-run aggregate supply curve (LRAS) is represented by a ...

[lbcchick]

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.

[karlss]

Answer to Question 1

d

Answer to Question 2

c

[lbcchick]

Thanks for the timely response, appreciate it

[dyrone]

Excellent