Until Federal Reserve Notes are actually used by the District Federal Reserve Banks, the notes are
a. considered counterfeit
b. not counted as part of the money supply
c. considered specie currency
d. devalued during open market operations
e. held in a detention bank in San Francisco
B
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The position of the long-run aggregate supply curve corresponds to the economy's: a. full-employment real GDP
b. maximum possible level of employment. c. natural level of personal consumption expenditure. d. maximum possible level of personal consumption expenditures. e. maximum possible price level.
Workers who deal with information are generally referred to as
A) non-productive workers. B) production workers. C) knowledge workers. D) migrant workers.
Production involving a positive externality is inefficient
a. True b. False
Which of the following is a difference between a bond and a stock? a. The owner of a bond can sell it many times, while a stock remains with its first owner
b. Typically, governments and corporations borrow through a bond market, while a stock market is the most common source of funds for households. c. The owner of a bond earns interest on the money that is paid to buy it, while the owner of a stock owns an equity in the company that issues the stock. d. The owner of a bond owns an equity in the company that issues the bond, while the owner of a stock earns interest on the money that is paid to buy it.