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Author Question: One reason for the short-run aggregate supply curve (SRAS) is: a. a fixed CPI market basket. b. ... (Read 14 times)

cartlidgeashley

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on: Jun 30, 2018
One reason for the short-run aggregate supply curve (SRAS) is:
 a. a fixed CPI market basket.
 b. perfect knowledge of workers.
 c. fixed-wage contracts.
 d. the upward-sloping production function.

Question 2

Assume that Paris First National Bank is a thriving bank with deposits of 20 million. If the required reserve ratio is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?
 a. 2 million.
  b. 4 million.
  c. 10 million.
  d. 16 million.
  e. 20 million.


raenoj

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

c

Answer to Question 2

b


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cartlidgeashley

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Reply #2 on: Jun 30, 2018
Correct answers!


raenoj

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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