A single firm in a competitive labor market has a labor supply curve that is

Suppose the National Bank has total cash reserves of $2,000 and has $5,000 in total deposits. If its total excess reserves are $1,250, then the reserve requirement is equal to:

a. 25 percent. b. 15 percent. c. 10 percent. d. 5 percent. e. 20 percent.

Suppose that the consumer price index at year-end 2010 was 180 and by year-end 2011 had risen to 189 . What was the inflation rate during 2011?

a. 4.8 percent b. 5 percent c. 6 percent d. 9 percent