An increase in the demand for a product will shift the demand for labor used to produce the product:
a. downward.
b. leftward.
c. rightward.
d. none of these, the curve will not shift.
c
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Which of the following is a difference between M1 and M2? a. M1 includes the most liquid assets, while the assets included in M2 are comparatively less liquid
b. M2 includes the most liquid assets, while the assets included in M1 are comparatively less liquid. c. M2 includes bank accounts from which money can be withdrawn with personal checks, while M1 includes bank accounts from which money cannot be withdrawn with personal checks. d. M2 includes bank accounts from which money can be withdrawn with personal checks, while M1 includes bank accounts from which money can be withdrawn with debit cards.
The figures in the table below are for a single commercial bank. All figures are in thousands of dollars.
Refer to the data given above. If the required reserve ratio is 10 percent, the bank has excess reserves of:
A. $28,000
B. $22,000
C. $18,000
D. $16,000