Do policy makers know the level of unemployment that is associated with "full employment"?
a. Yes, economists have the precise level of unemployment that is full employment.
b. Yes, although there is a small range of uncertainty in this measure.
c. No, economists have no idea what this level of unemployment is.
d. No, this number is not known with complete accuracy.
d
Economics
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Given the following information about Gotham Bank:
Bank Deposits $50,000 Loans 34,000 Reserves 12,000 Reserve Requirement 20 percent Gotham Bank is holding ________ in excess reserves. A) $22,000 B) $12,000 C) $2,000 D) -$2,000
Economics
Economic progress
What will be an ideal response?
Economics