Given a required reserve ratio of 20 percent for all banks, total bank reserves of $300 billion could support maximum deposits of:

Pessimistic consumer expectations and decreased government spending are both associated with:

a. a downward movement along the aggregate demand curve. b. an upward movement along the aggregate demand curve. c. a leftward shift of the aggregate demand curve. d. a rightward shift of the aggregate demand curve. e. a steeper slope of the aggregate demand curve.

Monopolistically competitive firms produce differentiated products

Indicate whether the statement is true or false