"Real money balances" refers to
A) the currency part of the total money supply.
B) the money supply divided by the price level.
C) the money supply times one minus the interest rate.
D) the non-interest-earning part of the money supply.
B
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Hester owns an ice cream sho
A) $2. B) $20. C) $10. D) $40. E) $4.
Both ________ and ________ are Federal Reserve assets
A) currency in circulation; reserves B) currency in circulation; securities C) securities; loans to financial institutions D) securities; reserves
The largest item on the asset side of the Federal Reserve balance sheet is
A) Federal Reserve notes. B) U.S. government securities. C) gold. D) U.S. Treasury deposits.
As an individual consumes more of a good, the marginal utility of that good declines
a. True b. False Indicate whether the statement is true or false