The money supply is $10 million, currency held by the nonbank public is $2 million, and the reserve-deposit ratio is 0.2. Bank deposits are equal to
A. $4 million.
B. $2 million.
C. $8 million.
D. $1.6 million.
Answer: C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Assume that an economy has 2000 workers, each working 3000 hours per year. The average real output per worker-hour is $10. What will the total output or real GDP be? Explain
Please provide the best answer for the statement.
Members of the Board of Governors are:
A. appointed by the President of the United States and confirmed by the Senate. B. appointed by the President of the United States and confirmed by the House of Representatives. C. appointed by the U.S. Secretary of Treasury and confirmed by the President of the United States. D. appointed by member-banks and confirmed by the House of Representatives.
In the graph, the difference between points d and e indicates that at $50M of R&D spending, the
A. marginal cost is greater than the marginal benefit. Thus, R&D spending should be reduced. B. marginal cost is less than the marginal benefit. Thus, R&D spending should be increased. C. marginal cost is greater than the marginal benefit. Thus, R&D spending should be increased.