As inflation rates increase, money becomes less useful as a

Which of the following is NOT a result of a permanent fall in foreign demand on one country's exports under floating exchange rate?

A) The DD curve shifts to the left due to reduction of aggregate demand. B) The AA curve shifts upwards due to the increased expected long-run exchange rate. C) a reduction in output by a smaller degree compared to temporary fall in demand D) depreciation in home country's currency E) a raised level of unemployment

The Fed is often considered the bankers' bank because it:

a. demands much more currency than it has available. b. no longer has a monopoly on printing paper currency. c. lowers the discount rate in order to restrict the money supply. d. holds bankers reserves, provides banks with currency and loans, and clears their checks. e. refuses to uses its power of open market operations when a quorum of state-chartered bankers petitions it.