Which of these government financing methods is generally the least inflationary?
A) Printing currency
B) Borrowing from the banking system
C) Borrowing from the central bank
D) Borrowing from the non-bank public
A
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Privately-owned firms that accept deposits from individuals and businesses and use those deposits to make loans are called:
A. mortgage banks. B. brokerage firms. C. investment banks. D. commercial banks.
If the automobile workers' union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of automobiles?
A) The supply increases. B) The supply decreases. C) The quantity supplied increases. D) The quantity supplied decreases. E) Both answers B and D are correct.
What is the equilibrium price of a good or service?
What will be an ideal response?
Explain the income effect and the substitution effect due to an increase in the wage rate
What will be an ideal response?