When a bank has no excess reserves, and thus can make no more loans, it is said to be
A. bankrupt.
B. in receivership.
C. loaned up.
D. ripe for a takeover.
Answer: C
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The money demand curve relates ________ to the ________.
A. the aggregate quantity of money demanded; price level B. the aggregate quantity of money demanded; nominal interest rate C. aggregate demand; nominal interest rate D. the aggregate quantity of money demanded; aggregate demand
The size of the multiplier depends in part on the
A) level of autonomous expenditures. B) change in autonomous consumption. C) level of consumption. D) marginal propensity to consume.
Because central banks intervene in currency markets, the term ____ has been used to describe the system
a. organized b. planned c. dirty float d. flexible
Pookie's Pool Cleaning Service uses only one variable input, chlorine. Pookie?s ________ curve for chlorine in the short run is the input?s marginal revenue product curve.
A. total product B. supply C. demand D. marginal product