Keynesian economists believe monetary policy is more effective than fiscal policy in stabilizing the business cycle
a. True
b. False
Indicate whether the statement is true or false
False
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Fractional reserve banking is a system where banks must hold an amount of cash based on a percentage of its loans
a. True b. False Indicate whether the statement is true or false
Refer to Figure 5.3. Which of the following statements is false?
A. Points a, b and c all represent best choices for the consumer.
B. It is possible for the consumer to afford better bundles than a.
C. Point b satisfies the tangency condition.
D. It is possible for the consumer to afford better bundles than c.
If turnips are an example of an inferior good, then a decrease in the demand for turnips could be brought about by a(n):
A. Increase in consumer incomes B. Decrease in consumer incomes C. Increase in the price of turnips D. Decrease in the price of some other product
The objects that we use as money today are
A) checks and credit cards. B) currency and checks. C) currency and deposits. D) deposits and checks. E) currency, deposits, and gold.