If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential GDP, there is
A) a below-full employment equilibrium.
B) a rising real GDP.
C) a falling price level.
D) an inflationary ga
D
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Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Reserve, and nine million dollars in excess reserves
Given this information, we can say First National Bank has ________ million dollars in required reserves. A) one B) two C) eight D) ten
Total government expenditure as a percentage of GDP is lower in the United States than in Sweden
a. True b. False
The demand curve facing a monopolist will be more elastic
A) the greater is the number of substitute products. B) as the consumers' need for the good increases. C) the greater is the amount of fixed costs to cover. D) as the number of consumers increases.
If you left $2,500 on deposit with a bank promising to pay you a 5 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:
A. $28,668 B. $11,467 C. $250,750 D. $2,625