Excess reserves are the
A) amount of reserves held over what is desired.
B) amount of reserves banks keep in their vaults.
C) amount of reserves a bank holds at the Fed.
D) amount of reserves the Fed requires banks to hold.
E) same as the required reserves.
A
Economics
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In Figure 4-10 above, expansionary fiscal policy accommodated by the Fed can be pictured as a movement from points
A) A to D. B) A to C. C) D to B. D) B to D. E) A to B.
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Which of the following activities would be included in GDP?
A. You pay a friend $30 to bake a cake. B. You buy a cake from a local bakery for $30. C. You bake a cake for yourself. D. All of these would be included in GDP.
Economics