Reserves are funds that banks use to satisfy the cash demands of their customers and the reserve requirements of the Fed

"Employment fell last month to its lowest level in the last six years" is an example of: a. the fallacy of composition. b. positive economics

c. normative economics. d. none of the above

A vertical demand curve is

A. perfectly inelastic. B. perfectly elastic. C. has elasticity of zero. D. unit elastic.