In every economic system, choices must be made because resources are ________ and our wants are ________
A) unlimited; limited
B) limited; unlimited
C) unlimited; unlimited
D) limited; limited
B
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If the people of Redland are expecting the central bank to conduct an expansionary monetary policy for several years, how will the long-run real interest rate in Redland be affected?
What will be an ideal response?
Which of the following is NOT a part of the monetary base?
A) Chemical Bank's deposits of reserves at the Fed B) First Bank's required reserves held at the Federal Reserve C) currency D) U.S. government securities owned by the Fed
Long-term interest rates are an example of
A) an intermediate target. B) an operating target. C) a monetary policy objective. D) a monetary policy tool.
__________ are what is available to be used. They produce valued results. They are assets used to satisfy some need
a. Resources b. Goals c. Values d. Attitudes