Imagine that Wingate National is a new bank, and that the legal reserve requirement is 10 percent. If it accepts a $1,000 deposit, then, before lending occurs, its excess reserve balance is

Planned investment spending is _____ related to the interest rate and _____.

A. Negatively; expected GDP B. Negatively; existing productive capacity. C. Positively; expected GDP D. Positively; existing productive capacity

Improvements in technology provide benefits to:

A) consumers, through lower prices. B) workers, although some jobs may be eliminated. C) firms, through lower production costs. D) all of the above.