In his Report on a National Bank, _________________ argued in favor of the establishment of a Bank of the United States
a. Thomas Jefferson
b. Alexander Hamilton
c. George Washington
d. Benjamin Franklin
b. Alexander Hamilton
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As a result of the financial deregulation that allowed banks to issue new types of interest-bearing checking accounts
A) people are less willing to hold M1 at a given interest rate on alternative assets. B) the demand for money M1 curve became more stable. C) the demand for money M1 curve became vertical. D) the demand for money M1 curve will shift to the right.
If the government of Canada increased its budget deficit, then domestic investment
a. and net exports would rise. b. would rise and net exports would fall. c. would fall and net exports would rise. d. and net exports would fall.
The New York Federal Reserve Bank
A. president always gets to vote at the FOMC meetings. B. conducts open market transactions. C. is one of 12 regional Federal Reserve Banks. D. All of the above are correct.
Graphically illustrate (using the WS and PS relations) and explain the effects of a reduction in the minimum wage on the equilibrium real wage, the natural rate of unemployment, the natural level of employment, and the natural level of output
What will be an ideal response?