Other things being equal, an expansion of commercial bank lending
A. is desirable during a period of demand-pull inflation.
B. increases the money supply.
C. changes the composition, but not the size, of the money supply.
D. reduces the money supply.
Answer: B
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Bonds owned by financial institutions represent ownership of the national debt by the private sector
a. True b. False Indicate whether the statement is true or false
Economists at which of the following offices help formulate spending plans and regulatory policies?
a. Office of Management and Budget b. Department of the Treasury c. Congressional Budget Office d. The Federal Reserve
Which statement is true?
A. There are many firms in a monopolistically competitive industry. B. Monopolistic competitors produce an identical product. C. In order for product differentiation to take place, there must be clear physical differences among the products sold. D. None of these statements are true.
An increase in the value of the U.S. dollar internationally, ceteris paribus, would result in
A. Higher revenues for U.S. farmers. B. Lower revenues for U.S. farmers. C. An increase in the dollar value of U.S. farmland. D. An increase in the domestic prices of U.S. farm products.