The Fed classifies different types of money depending on its:
A. liquidity.
B. resale value.
C. commodity back.
D. intrinsic value.
A. liquidity.
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According to the production possibilities model, if more resources are allocated to the production of physical and human capital, then all of the following are likely to happen except
A) the country's total production will fall. B) future economic growth is enhanced. C) the production possibilities frontier will be shift outward in the future. D) fewer goods will be produced for consumption today.
Expansionary monetary policy refers to the Fed's increasing the money supply and increasing interest rates to increase real GDP
Indicate whether the statement is true or false
What are demand deposits?
(a) Money held by private individuals or corporations placed in depository accounts at banks (b) Liabilities (things that are owed) to banks and assets (things of value) to depositors or bank customers (c) Checking accounts that depositors can use on demand (d) All of the above
An area in which the United States has had a sizable surplus in its balance of payments is sales of ____ to foreigners
a. goods b. energy c. assets d. automobiles