The opportunity cost of current household consumption is the
a. wage rate.
b. market interest rate.
c. price of the goods consumed.
d. explicit cost of consumption.
b
Economics
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Suppose a commercial bank has checkable deposits of $100,000 and the legal reserve ratio is 10 percent. If the bank's required and excess reserves are equal, then its actual reserves:
A. are $1,000,000. B. are $10,000. C. are $20,000. D. cannot be determined from the given information.
Economics
In this graph, at point e1, output level is ______.
a. above the potential
b. below the potential
c. at the potential
d. not shown
Economics