The central bank of a country controls the money supply, which equals the currency held by.
A. Banks
B. The public plus they're checking and savings account balances
C. The public plus their checking account balances
Answer: C. The public plus their checking account balances
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The new classical explanation of aggregate supply is also known as
A) Monetarism. B) Keynesianism. C) the misperception theory. D) the adaptive expectations theory.
Which of the following is not true of the statistical discrepancy in the balance of payments?
a. It is residual. b. It is a measure of net error in the balance of payments data. c. It is necessary because some transactions go unreported. d. An excess of credits in all other accounts must be offset by equivalent debits in the statistical discrepancy account. e. A difference between credits and debits is taken care of by changes in the official reserve transaction account.
Why is the government budget constraint different between the short run and the long run?
What will be an ideal response?
Refer to the information. Over the $11-$9 price range, demand is:
A. perfectly elastic.
B. perfectly inelastic.
C. elastic.
D. inelastic.