Refer to Figure 22-1. Technological change is illustrated in the per-worker production function in the figure above by a movement from

Assume that the required reserve ratio is 10 percent. A bank has deposits of $1,000,000 and cash of $500,000 in the Fed. The bank has demand deposits equal to $1,500,000. Given this information, the bank has excess reserves of

A) $850,000. B) $350,000. C) $1,350,000. D) None of the above.

A nation's infrastructure includes all of the following except its

a. market system b. educational system c. energy system d. railroad system e. religious system