Banks create money when they increase demand deposits through the process of creating loans
a. True
b. False
Indicate whether the statement is true or false
True
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At its most basic level, economic growth depends on
A) creating the right incentives. B) saving by the government. C) government leadershi
An efficient allocation of resources occurs when we
A) produce the goods and services that people need. B) cannot produce more of a good or service without giving up some other good or service that we value more highly. C) produce the goods and services that people want. D) cannot produce more of a good or service without giving up some other good or service that we need.
Refer to Scenario 19-1. The value of each canoe in gross domestic product equals
A) $1,200. B) $800. C) $500. D) $400.
The type of monetary policy that is used in Canada, New Zealand, and the United Kingdom is
A) monetary targeting. B) inflation targeting. C) targeting with an implicit nominal anchor. D) interest-rate targeting.