If a bank has excess reserves of $20,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has total reserves of

What role does the interest rate play in the economy? Is the distinction between real and nominal interest rates an important one in discussing these roles?

What will be an ideal response?

If the supply and demand curves cross at a quantity of 100, then the price necessary to get firms to sell more than that will have to be ________ equilibrium.

A. within 10% either way of B. above C. at D. below