The money supply is
A) the rate at which the Federal Reserve Board prints currency.
B) limited to currency and coins.
C) the amount of money in circulation.
D) the rate at which the Federal Reserve Board creates money.
C
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A rational consumer maximizes his or her:
A. wealth. B. total utility. C. marginal utility. D. profit.
To calculate market supply, we
A. Find the difference between the quantity supplied and the quantity demanded at each price. B. Add the quantities supplied for each individual supply schedule horizontally. C. Add the quantities supplied for each individual supply schedule vertically. D. Find the average quantity supplied at each price.
What is the reason that stabilization policies do NOT have an immediate effect on an economy?
A. Consumers are slow to catch up on spending. B. There is a time lag for policies to take effect. C. Imports come into the country too fast. D. Exports often are not shipped fast enough.
When a nation's exports are less than its imports, it has a
A. trade embargo. B. trade shortage. C. trade surplus. D. balanced trade.