In the model of the money supply process, the Federal Reserve's role in influencing the money supply is represented by
A) both the required reserve ratio and the market interest rate.
B) the required reserve ratio, nonborrowed reserves, and borrowed reserves.
C) only borrowed reserves.
D) only nonborrowed reserves.
B
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All items below will decrease short-run aggregate supply EXCEPT
A) a decrease in labor supply. B) a decrease in training and education. C) a decrease in the marginal tax rates. D) an increase in the prices of inputs.
Why are checks and credit cards not money?
What will be an ideal response?
Argentina provides a recent example of a currency board success
Indicate whether the statement is true or false
When a monopoly increases its output and sales,
a. both the output effect and the price effect work to increase total revenue. b. the output effect works to increase total revenue, and the price effect works to decrease total revenue. c. the output effect works to decrease total revenue, and the price effect works to increase total revenue. d. both the output effect and the price effect work to decrease total revenue.