Assuming a legal reserve ratio of 20 percent, how much in excess reserves would this bank have after a check for $10,000 was drawn and cleared against it?
Assume the Continental National Bank's balance statement is as follows:
A. $3,000.
B. $24,000.
C. $6,000.
D. $16,000.
C. $6,000.
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Use the following diagram to answer the next question.
If CD is the economy's current production possibilities frontier, what is the most likely reason for operating at point X?
A. increases in the quantity and the quality of resources B. improvement in labor productivity and the number of work-hours C. technological progress and industrial change D. unemployment and inefficient allocation of resources
A higher rate of saving should lead to
A) higher current consumption. B) less growth. C) more investment, higher capital growth, and more future consumption. D) a higher price level and reduced future consumption.
The area below the price and above the supply curve measures the producer surplus in a market
a. True b. False Indicate whether the statement is true or false
Which of the following is included in the aggregate demand for goods and services?
a. consumption demand b. investment demand c. net exports d. All of the above are correct.