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Author Question: The long-run aggregate supply curve (LRAS) is: a. a vertical curve that relates the level of real ... (Read 135 times)

saraeharris

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on: Jun 30, 2018
The long-run aggregate supply curve (LRAS) is:
 a. a vertical curve that relates the level of real GDP produced to the price level in the long run.
 b. an upward sloping curve that relates the level of real GDP produced to the price level in the long run.
  c. an infinite curve that relates the level of real GDP produced to the price level in the long run.
 d. none of the above are true.

Question 2

Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a 1,000 deposit, then its required reserves balance will be:
 a. 0.
  b. 90.
  c. 100.
  d. 900.
  e. 910


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krakiolit

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

a

Answer to Question 2

c


saraeharris

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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