If current unemployment is close to the natural rate of unemployment, the level of real GDP is likely to be close to the level of potential output

Indicate whether the statement is true or false

TRUE

Economics

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If the reserve ratio is 10 percent and reserves in the commercial banking system increase by $10,000, the maximum possible expansion of demand deposits is

A) $90,000. B) $1,000,000. C) $10,000. D) $100,000.

Economics

Given the information in the figure above, Liz has a comparative advantage in ________ and an absolute advantage in ________

A) smoothies only; both goods B) smoothies only; smoothies only C) both goods; both goods D) salads only; both goods E) salads only; salads only

Economics