Blog

Which of these images best shows the [021] direction?     

A shift in the Long Run Aggregate Supply Line is usually brought about by

In the United States today, the minimum reserve ratio for checkable bank deposits is 5.7% B.  10%           C.  15%           D.  20%

Again according to, “Consider This: Ratchet Effect,” the price level in the United States over the past 62 years has fallen only     A.   once        B. twice          C. six times          D. 14 times

According to “Consider This: Ratchet Effect,” since 1950, the price level has increased in  

Funds that banks use to satisfy the cash demands of their customers and the reserve requirements of the FED (cash held by banks plus deposits at the FED)  

In order to correct a recessionary gap as displayed above,   the government would

Anything that retains its purchasing power over time

The sector of our economy which reacts the greatest to business cycles is    

The number of Federal Reserve board members, which are appointed by the president, and approved by congress are