The total money supply is largely determined by
A) open market operations.
B) changes in the reserve requirement.
C) the lending behavior of commercial banks.
D) the deficit policy of the Treasury.
C
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
The demand curve for investment in the economy as a function of interest rates is:
a. vertical. b. horizontal. c. upward sloping. d. downward sloping. e. elliptical.
The principal determinants of total and average cost curves are the firm's technology and the prices of its inputs
a. True b. False Indicate whether the statement is true or false
If the demand for a good falls when income falls, then the good is called a(n)
a. normal good. b. regular good. c. luxury good. d. inferior good.