A $20 bill is a:
A. gold certificate.
B. Treasury note.
C. Treasury bill.
D. Federal Reserve Note.
D. Federal Reserve Note.
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The idea that expected future increases in output cause increases in the current money supply and that expected future decreases in output cause decreases in the current money supply, rather than the other way around, is known as
A) Granger causality. B) money neutrality. C) nominal adjustment. D) reverse causation.
Another term for the real-balance effect is
A) the substitution effect. B) the wealth effect. C) the indirect effect. D) the interest rate effect.
In the long run, all costs are variable
a. True b. False Indicate whether the statement is true or false
The effect of an import quota is to
a. raise the price and reduce the quantity of imports. b. raise the price and the quantity of imports. c. lower the price and the quantity of imports. d. raise the quantity and reduce the price of imports.