Prices, on average, increased in the food market; the demand for food had simply grown faster than supply from the end of the Civil War in 1865 to the beginning of World War I in 1913
Indicate whether the statement is true or false
False
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When a commercial bank borrows from a Federal Reserve Bank, ________.
A. it indicates that the commercial bank is unsound financially B. the supply of money automatically increases C. the commercial bank's reserves are reduced D. the commercial bank's lending ability is increased
When the U.S. capital and financial account shows a positive balance, that is an indication of
A) the United States acquiring more foreign reserves. B) the value of U.S. exports of capital goods exceeding the value of U.S. imports of capital goods. C) foreigners investing more in the United States than the United States is investing abroad. D) U.S. industries becoming more competitive. E) the value of all U.S. exports exceeding the value of all U.S. imports.
Hyperinflation
A) occurs in the United States during each business cycle. B) has never occurred in the United States. C) is a period of time when inflation exceeds 20 percent per year. D) happens in all countries at some time during their business cycle. E) occurs only in theory, never in reality.
If the demand for money is relatively stable,
A) the velocity of money will be constant. B) the velocity of money will grow at a steady and predictable rate. C) a fixed growth rate for the nominal money supply will lead to a stable growth rate of nominal GDP. D) B and C are both correct.