Type the correct answer in the box. Spell all words correctly. What is the term for the account balances of commercial banks held by the central bank?
The account balances of commercial banks held by the central bank are termed

The account balances of commercial banks held by the central bank are termed as Bank reserves or Reserves

Explanation:

One function of the central bank is to be a bank to the commercial banks. Each licensed bank is required to open and operate an account with the central bank. The deposits that commercial banks hold at the central bank as known as bank reserves or reserves.

The central bank offers banking services to commercial banks, just as commercial banks serve their customers. The central bank accepts deposits, process checks, and issues loans to commercial banks

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.