Please help with review questions.
1. If banks operated under a 100 percent reserve system, commercial banks would not be able to create any further money.
True
False
2. A vertical curve that defines the level of full-employment or potential output based on a given amount of resources, efficiency, and technology in the economy is called:
a. the short-run aggregate supply curve.
b. the long-run aggregate supply curve.
c. the aggregate demand curve.
d. none of the above.