Which of the following holds member bank reserve balances?
a. Department of Commerce
b. Treasury Department
c. Federal Open Market Committee
d. Federal Advisory Council
e. Federal Reserve Banks
E
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The inputs into production of goods and services that are provided by nature, such as land, rivers, and mineral deposits are called
a. physical capital. b. natural resources. c. human capital. d. technological knowledge.
If a city government enacts a maximum price on rent,
A) quantity supplied will decrease. B) quantity demanded will increase. C) allocational problems develop. D) All of the above.
Increases in potential output shift:
A. the long-run aggregate supply curve, the short-run aggregate supply curve, and the dynamic aggregate demand curve. B. the short-run aggregate supply curve. C. the long-run aggregate supply curve. D. both the long-run aggregate supply curve and the short-run aggregate supply curve.
Which statement is true?
A. Only monetary policy can affect aggregate demand. B. Only fiscal policy can affect aggregate demand. C. Both monetary and fiscal policy can affect aggregate demand. D. Neither monetary nor fiscal policy can affect aggregate demand.