pts Question 27 supplied demanded shortage supplied demanded surplus demanded

Pts question 27 supplied demanded shortage supplied

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1 ptsQuestion 27If the interest rate is below the equilibrium interest rate, then the quantity __________ ofmoney exceeds the quantity __________ of money, and there is a __________ ofmoney. supplied; demanded; shortagesupplied; demanded; surplusdemanded; supplied; shortagedemanded; supplied; surplus 1 pts Question 28If M1 is $1,200 billion, currency held outside banks is $400 billion, and traveler's checksis $10 billion, then small­denomination time deposits equal There is not information to answer the question.
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11/20/2017 Quiz: Macro_Ex3_Review 14/23 1 pts Question 29Fiscal policy may not work as policymakers intend it to work because of1 ptsQuestion 30 The economy is in a recessionary gap and there is evidence that the economy is in aliquidity trap. In this situation, a Keynesian is likely to advocate the use of __________policy. 1 pts Question 31The economy is in the horizontal portion of the AS curve, investment spending is interestinsensitive and there is no liquidity trap. According to the Keynesian transmissionmechanism, if the money supply increases the interest rate will __________, investment
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11/20/2017 Quiz: Macro_Ex3_Review 15/23 fall; fall; left; fall rise; drop; left; fall fall; remain unchanged; not shift; not change rise; remain unchanged; not shift; not change none of the above spending will __________, the AD curve will __________, and Real GDP will __________. 1 pts Question 32When a bank makes a loan to one of its customers, to the bank the loan is classified as an asset.a liability.neither an asset nor a liability.an asset in some cases and a liability in other cases, depending on the type of loan. 1 pts Question 33If reserves increase by $7 million and the required reserve ratio is 12%, what is theresulting change in checkable deposits (or the money supply), assuming that there are nocash leakages and that banks hold zero excess reserves?
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11/20/2017 Quiz: Macro_Ex3_Review 16/23 $58.33 million 1 pts Question 34A bank has $7 million in checkable deposits and $1.2 million in total reserves. If therequired reserve ratio is 10 percent, then the bank has 1 pts
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