Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world
B) rose to around 88 percent; the financial crisis of 2008-2009
C) rose to around 18 percent; the financial crisis of 2008-2009
D) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world
E) dropped drastically to near zero; the financial crisis of 2008-2009
C
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Suppose GDP ________ the level of potential output. We would expect to see ________ unemployment, rising wages, and rising prices.
A. exceeds; low B. is? below; low C. is? below; high D. exceeds; high
A $0.2 trillion increase in government purchases increases the quantity demanded by $1.0 trillion, price level remaining constant. This additional spending reflects the _____ effect
a. recessionary b. expansionary c. simple spending multiplier d. income e. substitution
In long-run equilibrium, a monopolistically competitive firm's demand curve will be tangent to its average cost curve
a. True b. False Indicate whether the statement is true or false
SW's ________________ to fly an average 1,000-mile trip were higher than those of US Airways, Frontier, JetBlue, Alaska, Allegiant and Spirit airlines in 2013
Fill in the blank(s) with the appropriate word(s).