The "dual" nature of our banking system got its start in the
A) 1820s.
B) 1860s.
C) 1910s.
D) 1930s.
B
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What leads to a decrease in the quantity supplied of a good or service?
What will be an ideal response?
Using figures for both the short run and the long run, show the effects of a permanent increase in the U.S. money supply. Try to line up your figures to the short and long run equilibria side by side. Assume that the U.S
real national income is constant.
The theory of intertemporal choice, and the life-cycle and permanent income hypotheses have in common the assumption that ________
A) consumption decisions are affected by current expectations about lifetime resources B) consumption decisions are based on all available information C) current income, rather than expected income, has the greater influence on consumption decisions D) decisions to borrow and save are influenced much more by immediate circumstances than by long-term consequences
How much the quantity of a good traded changes after a shift of the supply curve depends on
a. the size of the shift. b. the slope of the demand curve. c. whether the market is subject to price controls. d. All of the above are correct.