The supply of money in the U.S. economy is determined primarily by:
A. decisions made by the Federal Reserve and the U.S. Treasury.
B. the actions of the Federal Reserve and the banking system.
C. consumers and the banking system.
D. the demand for money in the economy.
Answer: B
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Refer to the figure above. The increase in output due to the same one-unit increase in capital is greatest at point ________
A) A B) B C) C D) D
A firm producing a relatively large quantity before any rivals have entered the market, is an example of first-mover advantage
What will be an ideal response?
Accounting profits are calculated based upon: a. explicit cash receipts and implicit costs
b. actual cash receipts and actual expenditures of cash. c. implicit cash receipts and actual expenditures of cash. d. opportunity costs plus explicit costs.
The account that records a nation's economic transactions with other countries is
a. the current account b. the international monetary fund c. the foreign exchange market d. the balance of payments e. the capital account