According to economists, money is a resource
Indicate whether the statement is true or false
False
Economics
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An increase in U.S. Treasury deposits at the Fed reduces both ________ and the ________
A) reserves; monetary base B) Fed liabilities; money multiplier C) Fed assets; monetary base D) Fed assets; money multiplier
Economics
Human capital is knowledge in
A) books. B) people. C) firms. D) government.
Economics
When people refuse to pay down debt with their savings:
A. they are forgetting that money is fungible. B. they will be poorer in the long run. C. they are acting irrationally. D. All of these are true.
Economics
When economies of scale exist, a decrease in the level of output will lead to:
a. a decrease in cost per unit. b. an increase in cost per unit. c. no change in cost per unit. d. an increase in total cost.
Economics