Higher prices for natural resources are
a. a natural and inevitable result of resource depletion.
b. not possible for more than a short time, as technological advances clearly guarantee falling resource prices.
c. not the story of the last two centuries, because resource prices have declined through most of this period.
d. the major cause of resource shortages in the world.
C
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From any point below the current LM curve, money market equilibrium can be restored by some combination of a ________ income and a ________ interest rate that ________ the demand for money
A) higher, higher, increases B) higher, lower, increases C) higher, lower, reduces D) lower, higher, increases E) lower, higher, reduces
Changes in reserve requirements are made within legal limits by
a. the Federal Open Market Committee. b. Federal Reserve Banks. c. member banks of the Fed. d. the Board of Governors.
Only government restrictions serve as entry barriers.
Answer the following statement true (T) or false (F)
The term economy refers to the structure of economic life, or economic activity, in a community, a region, a country, a group of countries, or the world
Indicate whether the statement is true or false