?Exhibit 10A-1 Aggregate demand and supply model

Given the shift of the aggregate demand curve from AD1 to AD2 in Exhibit 10A-1, the real GDP and price level (CPI) in long-run equilibrium will be: 

The duration of the "short-run"

A) is one year. B) is the same for all goods. C) depends on the relative short-run elasticity of demand and supply for the good. D) depends on how long it takes consumers or firms to adjust for a particular good.

The required reserve ratio is required reserves stated as a percentage of checkable deposits

a. True b. False Indicate whether the statement is true or false