The amount of money in the United States is determined by:
A. the public.
B. the Federal Reserve.
C. the combined behavior of commercial banks and the public, as well as actions of the Federal Reserve.
D. the combined behavior of commercial banks and the public.
Answer: C
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Refer to Table 9-9. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada
Light Bulbs Flash Drives Mexico Canada
Screening and signaling in the labor market are inefficient
A) unless college costs are relatively low. B) unless they result in a better job match. C) because the benefits are spread out over many firms. D) because they raise the wage paid to all workers.
Refer to the above table. The equilibrium price of tablets is
A) $500. B) $550. C) $650. D) $700.
The market labor supply curve is the sum of
a. individual labor supply curves at each wage rate b. the upward-sloping portions of individual labor supply curves c. the downward-sloping portions of individual labor supply curves d. the average of all individual labor supply curves e. individual labor supply curves at each net utility for market work