Based on the above table, the reserve ratio for the banking system is

The figure above shows the market for milk in Cowland. A subsidy paid to producers of $1 per gallon of milk is introduced. If there are no external costs and no external benefits, the quantity of milk sold is

A) greater than the efficient level of output. B) less than the efficient level of output. C) 100 million gallons greater than the efficient level of output. D) the efficient level of output.

At the equilibrium level of real GDP, which of the following is true?

a. Unplanned inventory investment is positive. b. Unplanned inventory investment is negative. c. Aggregate output equals aggregate expenditures. d. Aggregate output plus consumption spending equals aggregate expenditures.