Which of the following countries had the MOST illiterate labor in 2010?

The Banks of the Mississippi has excess reserves of $20,000, desired reserves of $80,000 and the desired reserve ratio is 5 percent. What is the total amount of deposits in this bank?

A) $180,000 B) $100,000 C) $1,000,000 D) $1,600,000 E) $5,000

Rational expectations theory suggests that ________

A) policy announcements can impact behavior B) policy announcements have no impact on behavior C) unannounced policies have no impact on behavior D) the optimal forecast is identical to the announced policy