If a bank has reserves of $100 million and demand deposits of $700 million, how much are the bank's (a) required reserves and (b) excess reserves?
What will be an ideal response?
a.) 
b.) 
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The "expansion" of an economy occurs after
A) firms produce more goods. B) a trough. C) people spend more money. D) an inflationary period.
Mitsubishi Corporation of America builds a car in Normal, Illinois, and ships it to Japan for sale. In which country’s GDP is this production included?
A. Japan B. Both Japan and the United States C. In Japan as retail value and the United States as wholesale value D. Half the value in Japan and half in the United States E. The United States
What are the characteristics of monopolistic competition?
What will be an ideal response?
Exhibit 15-1 Production possibilities curves
In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. Suppose Nabia produces at point A on its PPC. How many units of wheat is the country able to produce?
A. 15. B. 60. C. 40. D. 20.