When do Federal Reserve notes become part of the money supply (M1)? When they are
A) deposited in the vaults of commercial banks.
B) printed by the Bureau of Engraving.
C) received by the Federal Reserve Banks.
D) spent by the public on newly-produced goods.
E) withdrawn from commercial banks by the public.
E
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Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$3500.75$400$400$200Determine equilibrium consumption for this economy.
A. $3,350 B. $3,200 C. $3,000 D. $2,850
Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A) cost-of-service regulation. B) rate-of-return regulation. C) social regulation. D) monopoly regulation.
As the price of land decreases along its demand curve, the relative price of land
a. increases because the prices of other resources have also decreased. b. decreases because the prices of other resources have also decreased. c. increases because the prices of other resources have increased. d. decreases because the prices of other resources are held constant. e. remains constant because the prices of other resources also increase.
During the short run, a firm cannot
A. purchase more raw materials. B. change its plant size. C. increase its use of labor. D. change its variable costs.