Following the Civil War, U.S. currency included all of the following except:
a. wooden nickels.
b. silver and gold specie.
c. bank notes.
d. greenbacks.
a. wooden nickels.
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The required reserve ratio is:
a. the minimum amount of reserves the Fed requires a bank to hold. b. the interest rate that the Fed charges banks who borrow from it. c. the interest rate on loans made by banks to other banks. d. the maximum percentage of the cost of a stock that can be borrowed from a bank, with the stock offered as collateral. e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's wishes.
If you made a wish list of things you wanted but did not now have, they you became able to have the things on that list, scarcity would be eliminated
a. True b. False Indicate whether the statement is true or false
The production function shows the volume of output that can be produced from given inputs
a. True b. False Indicate whether the statement is true or false
Is it a necessary condition that velocity is constant and that real output growth is assumed to be zero to have Milton Friedman's assertion that inflation is a monetary phenomenon be true?
What will be an ideal response?