Both ________ and ________ are monetary liabilities of the Fed
A) securities; loans to financial institutions
B) currency in circulation; reserves
C) securities; reserves
D) currency in circulation; loans to financial institutions
B
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Keynesians tend to not believe in the stability of free markets
Indicate whether the statement is true or false
A weakness in the Club of Rome's study entitled The Limits to Growth is that
A. it assumed a constant demand for products. B. it did not account for technological change. C. it assumed the rate of population growth would slow. D. it assumed a declining investment rate.
According to this Application, in the 1990s EU countries had ________ in the production of all products compared to Latvia
A) an absolute advantage and a comparative advantage B) neither an absolute advantage nor a comparative advantage C) an absolute advantage but not a comparative advantage D) a comparative advantage but not an absolute advantage
If the nominal interest rate in an economy is 6% and the inflation rate in the economy is 10%, then the real interest rate is:
A) -6%. B) 10%. C) 6%. D) -4%.