Which of the following is a danger of high rates of inflation
What will be an ideal response?
Inflation will encourage people to spend less time producing and more time trying to protect the value of their assets
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How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
If a monopolist lowers its price
A) it lowers the barriers to entry. B) the quantity demanded increases. C) the quantity demanded remains the same. D) the quantity demanded decreases.
When the housing market bubble burst, many people found that:
A. they owed more than their house was now worth. B. it was much easier to sell their home. C. the value of their homes exceeded their mortgage loans. D. there was a limited number of houses for sale.
When commercial banks need more Federal Reserve Notes,
A) they call the Bureau of Engraving and Printing, which delivers the requested amount. B) they call the Board of Governors of the Fed, which delivers the requested amount. C) they ask their customers to exchange their Federal Reserve Notes for U.S. Treasury securities. D) they call the Treasury, which delivers the requested amount. E) they call their Federal Reserve District Bank, which delivers the requested amount.