When banks transform excess reserves into loans, the money supply ultimately increases because borrowers spend the money they borrow, and that money eventually ends up in someone's checking account, an element of the money supply
Indicate whether the statement is true or false
false
You might also like to view...
If a tax is levied on the buyers of a product, then there will be a(n)
a. downward shift of the supply curve. b. upward shift of the supply curve. c. movement up and to the right along the supply curve. d. movement down and to the left along the supply curve.
In choosing between two products, a rational consumer will choose the product that gives her the:
A. least marginal utility per dollar. B. highest cost per additional unit of utility. C. lowest cost per additional unit of utility. D. greatest total utility regardless of cost.
Which of the following statements is true?
A. The inclusion of intermediate goods and services into GDP calculations would underestimate our nation's production level. B. Nominal GDP + Inflation - Unemployment = Real GDP. C. Real GDP has been adjusted for changes in the general level of prices due to inflation. D. Real GDP equals nominal GDP multiplied by the GDP deflator.
Give a brief account of each of the following international agreements with respect to the environment. Have each of these agreements been successful?a. The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)b. Montreal Protocolc. Kyoto Protocold. Paris Agreement
What will be an ideal response?