Higher milk prices reduce the demand for milk
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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An essential function for a bank is to
A. Lend all of its deposits. B. Maximize its assets. C. Minimize its reserve ratio. D. Create money through lending.
Economics
A situation in which the Fed's target interest rate has fallen as far as it can fall is sometimes described as a
a. liquidity preference. b. liquidity trap. c. open-market trap. d. interest-rate contraction.
Economics
The merger of two firms selling close substitutes may lead to higher prices.
Answer the following statement true (T) or false (F)
Economics
In economics, the demand for money is basically a demand for
A. status. B. liquidity. C. investment. D. high returns.
Economics