The monetary base is the sum of
A) coins, Federal Reserve notes, and banks' reserves at the Fed.
B) Federal Reserve notes, Treasury deposits at the Fed, banks' reserves at the Fed, and coins.
C) coins, Federal Reserve notes, and individuals' deposits at the Fed.
D) coins, Federal Reserve notes, and gold at the Fed.
E) Federal Reserve notes and banks' reserves at the Fed.
A
You might also like to view...
If the wage that a competitive firm must pay its workers exceeds their value of marginal product, the firm will
A) decrease the quantity of labor it employs. B) increase the quantity of labor it employs. C) lower the price of the good. D) raise the price of the good.
The Laffer curve relates
a. the tax rate to tax revenue raised by the tax. b. the tax rate to the deadweight loss of the tax. c. the price elasticity of supply to the deadweight loss of the tax. d. government welfare payments to the birth rate.