Figure 3-4
Which of the following would make point Q in Figure 3-4 attainable?
A. Full-employment policies
B. A technological advance strictly applicable to the production of apples
C. An increase in land available for agricultural use
D. A transfer of available resources from apples to wheat production
Answer: C
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Excess reserves are the
A) amount of reserves held over what is desired. B) amount of reserves banks keep in their vaults. C) amount of reserves a bank holds at the Fed. D) amount of reserves the Fed requires banks to hold. E) same as the required reserves.
Increasing the amount of consumption spending and reducing the amount of savings ________ investment expenditures, and ________ long-run economic growth in the economy
A) decreases; increases B) increases; decreases C) increases; increases D) decreases; decreases