By the 20th century, the largest sector of the U.S. economy in terms of commodity output value was

If a bank has $10 million of checkable deposits, a required reserve ratio of 10 percent, and it holds $2 million in reserves, then it will not have enough reserves to support a deposit outflow of

A) $1.2 million. B) $1.1 million. C) $1 million. D) $900,000.

Picture the production possibilities curve shifting out, year after year, but the shifts are not necessarily the same. This picture is at the heart of the _______ explanation of the twists, turns, and spurts of economic growth

a. market theorists b. housing cycle c. innovations cycle theorists d. real business cycle theorists e. internal cycle theorists