A Treasury expenditure financed through borrowing from the Federal Reserve will cause the money supply
A) and bank reserves to rise by an equal amount.
B) and bank reserves to fall by an equal amount.
C) to rise but bank reserves to rise by a greater amount.
D) to rise by a greater amount than the rise in bank reserves.
D
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Using the rule of 70, a sustained 3 percent per year real GDP growth rate will
A) last for 70 years. B) double the current level of real GDP in about 23 years. C) double the current level of real GDP in about 210 years. D) double the current level of real GDP in about 70 years. E) double the current level of real GDP in about 40 years.
Ramsey pricing is a good private enterprise basis for setting access prices
Indicate whether the statement is true or false
Appendix: Each partner in a simple profit-sharing contract that splits the independently verifiable sales revenue minus unobservable cost has an incentive
a. to reject an automatic renewal of the contract b. to understate fixed cost c. to overstate avoidable cost d. to understate customer loyalty for repeat purchases e. to renew the partnership contract
A payoff matrix shows:
A. the demand curve facing a firm when there are only two firms. B. the payoff to being a perfectly competitive firm. C. the payoffs for each possible combination of strategies. D. the payoff to being a monopolist.