Refer to the table below. If a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are:…
September 3, 2020
11 ) Shifts in the aggregate demand will when the long – run aggregate supply curve is vertical .
September 3, 2020

Other things being equal, the higher the price level, the lower the level of domestic output purchased. This occurs because of:

A. the real-balances effect.

B. consumer spending on capital goods.

C. the full-employment-unemployment rate.

D. the sensitivity to demand-pull inflation.

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