Suppose Bank X is holding total cash reserves of $32,000 on deposits of $90,000 . If the reserve requirement is 15 percent, then the excess reserves held by this bank is:

Suppose the U.S. dollar depreciates, and there is no change in monetary policy. Which of the following is a correct description of the short-run consequences?

A) output, inflation, and the real interest rate have all increased B) output, inflation, and the real interest rate have returned to their original values C) output and inflation are higher, while the real interest rate has fallen D) output and inflation have returned to their original values, while the real interest rate is increased

In national income accounting, we use which of the following pairs of terms interchangeably?

a. "investment" and "private saving" b. "investment" and "purchases of stocks and bonds" c. "saving" and "national saving" d. "public saving" and "government tax revenue minus government spending"