Control of the money supply is handled by
A) Congress. B) all commercial banks.
C) Congress and all member commercial banks. D) the Federal Reserve System.
D
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What causes capital and labor shares of gross domestic product to remain consistent over the years?
What will be an ideal response?
M1 is defined as a measure of money including, in part,
A) checkable deposits and currency. B) time deposits and currency. C) currency and savings deposits. D) time deposits and money market fund deposits. E) the lines of credit on credit cards and currency.
Price elasticity of supply
a. is always a number between 0 and 1 b. is always a negative number c. is always greater than or equal to 0 d. is always greater than 1. e. can take on any value.
Taking a limousine to a five-star restaurant in New York is a:
A. want to both Joe Average and Richie Rich. B. necessity to Richie Rich but a luxury to Joe Average. C. necessity to both Joe Average and Richie Rich. D. want to Richie Rich and a luxury to Joe Average.