Which of the following determines the supply side of the market?
a. consumers
b. buyers
c. sellers
d. government officials
c. sellers
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A commercial bank's reserves are equal to the amount of
A) the bank's loans. B) only the currency in its vault. C) currency in the bank's vault plus the balance on its reserve account at a Federal Reserve Bank. D) the bank's deposits. E) the bank's government securities.
How is the efficient quantity of public goods determined?
What will be an ideal response?
Investment spending is a leakage from the circular flow model.
Answer the following statement true (T) or false (F)
Table 7.2GDP for Newland?Nominal GDP(in billions of dollars)GDP deflatorCPI2001$5,900120.1128.320026,300123.0131.720036,800126.3136.5Based on Table 7.2, the real GDP for 2003 was
A. $8,588.4 billion. B. $4,981.7 billion. C. $5,384.0 billion. D. $9,282.0 billion.