If the spending multiplier equals 6 and equilibrium real GDP is $32 billion below potential real GDP, then total planned expenditures need to decrease by approximately $5.33 billion to close the recessionary gap

Certain hotels offer promotional strategies in which kids under 12 eat free at the hotel's restaurant. This is an example of second-degree price discrimination

Indicate whether the statement is true or false

Which of the following assets can a commercial bank count as reserves?

a. its holdings of U.S. Treasury bills b. its vault cash and deposits with the Fed c. its outstanding loans d. the savings accounts of its depositors