You withdraw $2,000 from your account. Your bank has a desired reserve ratio of 20 percent. This transaction, by itself, will directly reduce
A) the quantity of money by $1,600.
B) deposits by $1,600.
C) the quantity of money by $2,000.
D) deposits by $2,000.
D
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Identify the correct statement about the aggregate supply curve
a. The aggregate supply curve is irrelevant for determining macroeconomic equilibrium. b. The aggregate supply curve shows the various quantities of a particular good that is produced in the economy. c. The aggregate supply curve shows an inverse relationship between price level and employment. d. The aggregate supply curve shifts inward with an increase in consumer spending, investment, government spending, and net exports. e. The aggregate supply curve relates total output in the economy to alternative price levels.
What is the best description of unemployment insurance benefits in the United States?
A. All unemployed workers receive the same wage-adjusted benefit regardless of what state they live in. B. All unemployed workers receive the same benefit regardless of what their previous job was. C. Unemployment benefits are based on family size and age. D. The dollar value of unemployment benefits is greater for low-wage workers than for high-wage workers. E. Unemployment benefits are a greater percentage of previous earnings for low-wage workers than for high-wage workers.
A consumer has a monthly income of $100 that he wants to spend on two goods: rugs priced at $10 and chairs priced at $5
What is the consumer's opportunity cost of buying a rug? What is his opportunity cost of buying a chair? Use a table to represent the consumer's budget constraint.
In the aggregate demand and aggregate supply model,
a. the factors that cause the demand curves in both models to slope downward are the same b. the factors that cause the supply curves in both models to slope upward are the same c. the upward-sloping aggregate demand curve intersects the downward-sloping aggregate supply curve to determine the economy's price level and GDP d. the upward-sloping aggregate supply curve intersects the downward-sloping aggregate demand curve to determine the economy's price level and GDP e. the price level never changes even with shifts in aggregate demand and aggregate supply