Whenever actual reserves exceed required reserves, the bank
What will be an ideal response?
can lend out additional funds
Economics
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Economic growth is demonstrated by the LRAS as it
A) becomes more vertical. B) shifts to the left. C) becomes more horizontal. D) shifts to the right.
Economics
Cyclical unemployment occurs when real GDP falls below potential GDP.
Answer the following statement true (T) or false (F)
Economics
By definition, a government-sponsored good
A. does not affect society's general welfare. B. is always provided at a zero price. C. is a good that should be available only to upper-income groups. D. is a good that is deemed socially desirable by the political process.
Economics
Marginal revenue (MR) is
A. TR/q. B. P x q. C. ?TR/?q. D. P/q.
Economics