The monetarists placed the blame for the economic instability of recent decades on
A. the President and Congress.
B. the Federal Reserve.
C. the American people.
D. foreign investors.
B. the Federal Reserve.
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The speculative demand for money
A restaurant sells a large soft drink at a fixed price of $1.79. A term used by economists to describe the money received from the sale of an additional large soft drink is
A) pure profit. B) marginal revenue. C) gross earnings. D) net benefit.
Personal income and property taxes paid by individuals are not included in the income approach of gross domestic product calculation
a. True b. False Indicate whether the statement is true or false
If the entire banking system has total deposits of $4 billion and a reserve requirement of 5 percent, then the maximum possible amount of loans that the banking system can make equals $2 million
a. True b. False Indicate whether the statement is true or false