In the above figure, which demand curve illustrates perfectly elastic demand?

Which of the following is true of the quantity demanded of reserves?

A) The quantity demanded of reserves increases as the federal funds rate falls. B) The quantity demanded of reserves increases as the inflation rate increases. C) The quantity demanded of reserves is constant over time for almost every bank. D) The quantity demanded of reserves increases at a constant rate over time.

GDP does not measure the economic well-being of a nation because:

a. some things which contribute to well-being have no price tag b. GDP places no value on leisure c. ecological costs are not netted out of GDP d. All of the above are correct.