If a bank holds $2000 in demand deposits and the required reserve ratio is 0.15, how much can the bank lend out?

The average tariff rate dutiable imports in the United States is approximately

A) less than 10 % of the value of imports. B) 15% of the value of imports. C) 20 % of the value of imports. D) 25% of the value of imports. E) more than 30% of the value of imports.

If Jim pays $1000 to John: a. GDP will increase by $1000

b. GDP will increase, but we cannot determine by what amount. c. nominal GDP will increase, but we cannot be sure if real GDP will increase or decrease. d. we need more information in order to determine whether or how much GDP will change.