Milly Miser removes $250,000 from her mattress and opens a checking account. This single transaction immediately increases the money supply by
a. $250,000.
b. $50,000.
c. $0.
d. ?$250,000.
c
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The one type of expenditure that we assume can differ from what spenders have planned is
A) consumption. B) investment. C) government expenditure. D) net exports.
In the late 1970s, U.S. nominal interest rates were high and real interest rates were low, but in the late 1990s, U.S. nominal interest rates were low and real interest rates were high
a. True b. False Indicate whether the statement is true or false
If the purchasing power of your debt is increasing over time, we know that the:
A. inflation rate is greater than the nominal interest rate. B. real interest rate is negative. C. nominal rate of interest is positive. D. real interest rate is positive.
The airline industry is a good example of a monopolistically competitive industry.
Answer the following statement true (T) or false (F)