Excess reserves can be found by subtracting required reserves from total reserves
a. True
b. False
A
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At a 3.5 percent annual growth rate it would take 20 years for GDP per capita to double
Indicate whether the statement is true or false
In Figure 32.1, at the supported price-quantity combination where production is unlimited, and government buys the excess, the money consumers pay producers is 
A. 0P*CQ*. B. 0ABQD. C. 0PfloorBQD. D. 0HCQ*.
If First Interstate Bankcorp has demand deposits of $8 billion, actual reserves of $1.4 billion, and the reserve requirement is 15%, the bank's excess reserves are
A. $100 million. B. $200 million. C. $400 million. D. $800 million.
The financial crisis of 2008 was triggered by:
A. a speculative bubble in the U.S. housing market. B. austerity measures introduced by the U.S. government to reduce the federal deficit. C. increased trade with China. D. the economic integration of the European Union.