Suppose a bank has $600,000 in deposits, a required reserve ratio of 5 percent, and bank reserves of $90,000. Then the bank can make new loans in the amount of

Which of the following statements is TRUE about the market and individual firm's supply curve for labor?

A) The market supply curve is perfectly elastic and the individual firm's supply curve is perfectly inelastic. B) The market supply curve is perfectly inelastic and the individual firm's supply curve is perfectly elastic. C) The market supply curve is more elastic than the firm's supply curve. D) The market supply curve is more inelastic than the firm's supply curve.

Which of the following was not a prominent New Deal reform?

a. Monetary power was decentralized. b. The gold standard was eliminated. c. Implementation of deposit insurance d. Separation of commercial from investment banking