In the above figure, the aggregate demand curve is AD2, so the short-run equilibrium level of real GDP is
A) $16 trillion.
B) $16.5 trillion.
C) more than $16 and less than $16.5 trillion.
D) None of the above answers is correct.
B
Economics
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Table 13.1XYZ Bank Balance SheetAssetsLiabilitiesTotal reserves$100,000Transactions accounts$400,000Loans300,000??Refer to Table 13.1. With a required reserve ratio of 20 percent, XYZ Bank could support maximum transactions account balances of
A. $20,000. B. $500,000. C. $300,000. D. $80,000.
Economics
GDP stands for
A. gross domestic price. B. general domestic product. C. gross domestic product. D. gross detailed product.
Economics