Refer to the information. If the real interest rate is 20 percent, the equilibrium GDP will be:
Answer the question below on the basis of the following information for a private closed economy:
A. $100.
B. $200.
C. $300.
D. $400.
B. $200.
Economics
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Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 8 percent, then the bank can make a maximum loan of
A) $0. B) $2 million. C) $8 million. D) $10 million.
Economics
As a result of changes in cyclical unemployment, the unemployment rate ________ from 2009 to 2014.
A. remained above 6 percent B. rose every year C. fell every year D. remained below 6 percent
Economics