Refer to the scenario above. The net present value of buying the warranty is:

According to Keynesians, an increase in the money supply will have its greatest impact on GDP when the aggregate demand curve intersects:

a. the vertical portion of the aggregate supply curve. b. the upward sloping portion of the aggregate supply curve. c. the horizontal portion of the aggregate supply curve. d. either the upward sloping or the vertical portions of the aggregate supply curve. e. either the horizontal or vertical portions of the aggregate supply curve.

The required reserve ratio is required reserves stated as a percentage of checkable deposits

a. True b. False Indicate whether the statement is true or false