If aggregate demand decreases while aggregate supply is stable, income will ________ and the unemployment rate will ________.

In September 2007, Regions Bank held $3 million in reserves against M1 deposits and made $83 million in loans. Between September 2007 and September 2008, deposits decreased from $114 million to $95 million

If Regions Bank wants to maintain its desired reserve ratio in 2008, it will A) increase its reserves. B) definitely make more loans. C) cannot make more loans. D) decrease its reserves.

Which of the following is consistent with diminishing marginal product? a. The more you study each day, the more you learn from each added hour of study

b. The more you study each day, the less you know. c. Beyond some point, each added hour studying each day adds less to what you know than the previous hour's study. d. None of the above.