When the Federal Reserve increases the money supply, people spend more because interest rates fall
Indicate whether the statement is true or false
TRUE
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In 2005, Americans spend an average of more than $6,000 per person per year on health maintenance and care
Indicate whether the statement is true or false
At long-run equilibrium of a perfectly competitive firm the following condition holds good: Long Run Average-Total-Cost = Long Run Marginal Cost = Average Revenue = Marginal Revenue = Price
a. True b. False Indicate whether the statement is true or false
In an open economy, national saving can be less than investment
a. True b. False Indicate whether the statement is true or false
When inflation rises people will
a. demand more money so the price level rises. b. demand more money so the price level falls. c. demand less money so the price level rises. d. demand less money so the price level falls.