If the required reserve ratio is 0.2, and a bank has $100 million in demand deposits and $40 million in property and buildings, it must hold reserves of at least

In perfectly competitive markets, products are ______ and sellers are ______.

a. homogeneous; price takers b. homogeneous; price searchers c. substantially different; price takers d. substantially different; price searchers

Calculating real GDP growth requires

A. adjusting GDP for changes in the CPI. B. estimating the GDP based on unadjusted price levels. C. adjusting GDP for changes in the price level of all the items that go into GDP. D. measuring the GDP with investment, government consumption and investment, and foreign trade.