The index that is not based on a fixed market basket of goods and services is the

The money supply will grow faster through deposit creation when the required reserve ratio is:

A. high and banks hold excess reserves. B. high and banks cannot find good customers to lend to. C. low and banks are able to lend out all of their excess reserves. D. low and banks are unable to loan out all of their excess reserves.

The long-run average annual growth of real GDP per person is the United States is approximately ________ percent.

A. one B. seven C. five D. two