Free Market System
What will be an ideal response?
A focus on the exchange of wealth
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The United States relies heavily on markets and so cannot be characterized as a mixed economy.
Answer the following statement true (T) or false (F)
In determining the beginning of recessions, the NBER Business Cycle Dating Committee looks for evidence of decline in:
A. the rate of inflation. B. specific sectors of the economy. C. the stock market. D. the entire economy.
Suppose the banking system as a whole has $600 billion in deposits and $66 billion in reserves, with a reserve ratio of 11 percent. What happens to the stock of money if the Fed lowers reserve requirements by changing the reserve ratio to 10 percent?
Which of the following statements is FALSE?
What will be an ideal response?