Because ________ are less liquid for the depositor than ________, they earn higher interest rates

If a market is contestable, how does the equilibrium differ from that of a monopoly?

What will be an ideal response?

Other things equal, the level of real GDP will tend to increase in the short run:

a. if reserve requirements are decreased b. if the Fed decreases the interest rate it pays on bank reserves c. if there is an open market purchase by the Fed. d. all of the above