Commodity money has intrinsic value
Indicate whether the statement is true or false
TRUE
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If the Federal Reserve conducts an open market sale, the
A) interest rate will decrease. B) interest rate will increase. C) interest rate will not change. D) money supply is increased.
The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is zero if it produces
A) 0 units of output. B) 5 or 20 units of output. C) 15 units of output. D) none of the above
According to the bank reserve equation, the largest factor supplying reserves to the banking system is
A) Federal Reserve purchases of government securities. B) Treasury currency outstanding. C) float. D) currency in circulation.
From 2000 to 2001, the U.S. economy's annual growth rate slowed down abruptly.
Answer the following statement true (T) or false (F)