What happens to the money supply when a bank accepts deposits of currency from the public and places it in check able deposits (or checking accounts)?
What will be an ideal response?
The composition of the money supply changes, but there has been no change in the economy’s total supply of money. In this case, bank money or check able deposits have increased and currency held by the public has decreased by an equal amount.
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The Civil War's (1861–1865) impact on the growth and development of the U.S. economy was negative
Indicate whether the statement is true or false
A monopolist maximizes profit by producing an output level where marginal cost equals price
a. True b. False Indicate whether the statement is true or false
A market structure with barriers to entry is
a. a monopoly. b. oligopolistically competitive. c. monopolistically competitive. d. perfectly competitive.
Refer to the information provided in Table 23.8 below to answer the question(s) that follow. Table 23.8
Refer to Table 23.8. If aggregate output equals ________, there will be a $200 million unplanned decrease in inventories.
A. $3,000 million B. $4,000 million C. $5,000 million D. $6,000 million