In the circular flow model, consumption goods are bought and sold in the
A) goods markets.
B) financial market.
C) factor markets.
D) government market.
E) monetary flows.
A
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A monetary growth rule means that
A) the Fed will raise interest rates if it thinks the economy is growing faster than potential. B) the money supply should grow at a constant rate. C) the Fed will lower interest rates if it thinks a recession is on the horizon. D) the money supply should grow in response to economic conditions.
An example of an external debt is
a. French public debt held by Americans b. French investment in the United States financed by French debt c. French government debt held by French banks d. French public debt issued by French private companies e. U.S. government debt held by the Federal Reserve System
The idea that the economy will solve its own problems and not need any stimulus measures falls under the _________ framework.
a. short-run b. medium-run c. intermediate d. long-run
The National Banking Acts of 1863 and 1864 gave the federal government power to do all the following except _____.
(A) Require banks to hold gold and silver reserves. (B) Seize the assets of any individual. (C) Charter banks. (D) Issue a single national currency.