A bank can safely lend an amount equal to its
A) excess reserves.
B) required reserves.
C) vault cash.
D) total reserves.
A
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________ unemployment is most closely associated with periods of falling GDP
A) Frictional B) Cyclical C) Structural D) Voluntary
The need for a barter system diminishes when money is used as a
A. measure of value. B. medium of exchange. C. store of value. D. unit of account.
Price increases will ________ a household's choice set.
A. not change B. decrease C. increase D. sometimes increase and other times decrease
In monopolistic competition, if a firm advertises and raises its product, it tends to:
A. Raise costs and increase demand for its product B. Raise costs and decrease demand for its product C. Lower costs and increase demand for its product D. Lower costs and decrease demand for its product