Required reserves:
A. Must be held at the regional Fed bank.
B. Represent the dollars that a bank can lend.
C. Are the minimum amount of reserves a bank is required to hold.
D. Are equal to total reserves minus expected reserves.
C. Are the minimum amount of reserves a bank is required to hold.
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In the figure above, in the short-run macroeconomic equilibrium
A) there is no structural unemployment. B) real GDP is greater than potential GDP. C) real GDP equals potential GDP. D) real GDP is less than potential GDP.
Suppose that opportunity costs are constant in both France and Germany. In France, maximum feasible hourly production levels are either 3 units of wheat or 5 units of wine
In Germany, maximum feasible hourly production levels are either 4 units of wheat or 10 units of wine. It is correct to state that A) Germany has an comparative advantage in producing both wheat and wine. B) Germany has a comparative advantage in producing wine. C) France has a comparative advantage in producing both wheat and wine. D) France has a comparative advantage in producing wine.