If the Fed doubled the money supply in one day, the amount of goods and services traded would:
A. decrease.
B. collapse.
C. not change.
D. increase.
Answer: C
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According to your text, when a shortage exists,
A) buyers compete with buyers. B) buyers compete with sellers. C) sellers compete with sellers. D) the price of the good would tend to fall in order to eliminate the shortage.
Which of the following should not be considered as an opportunity cost of attending college?
a. Expenses that are the same whether or not you attend college b. Lost salary c. Business lunches d. Interest that could have been earned on your money had you put the money into a savings account, rather than spent it on tuition e. Opportunities sacrificed in the decision to attend college
The output of goods and services produced in the United States has grown on average 3 percent per year since 1965
a. True b. False Indicate whether the statement is true or false
A central bank's purchase of securities made by writing checks on itself will:
A. have no impact at all on the balance sheet. B. only change the composition of its assets. C. decrease the size of its balance sheet. D. increase the size of their balance sheet.