Refer to the above table. Suppose the marginal revenue product of the 7th worker is $1100. This implies that

The amount of checkable deposits that banks are required by regulation to hold are the

A) excess reserves. B) required reserves. C) vault cash. D) total reserves.

Which of the following is true of economic fluctuations? a. They can be experienced by the world economy as well as by a single nation

b. They tend to be equal in length and intensity. c. They reflect an economy's socio-political condition. d. They tend to become more severe when the government attempts to stabilize an economy. e. They have been completely offset by appropriate government policies during the last 40 years.