In the long run, the key reason that money is neutral is that
A) the federal budget is balanced.
B) prices are flexible.
C) business cycles have become much milder.
D) the nominal interest rate must equal the real interest rate.
B
Economics
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Based on the present-aim standard a person who drinks gasoline and subsequently dies could be consider rational as long as:
A. her behavior helps other people. B. her death is not painful. C. she really likes the taste of gasoline and death. D. she thinks her behavior will result in more gasoline for other people.
Economics
The banking system creates money in the sense that it: a. prints money
b. creates excess reserves from loans. c. creates loans from excess reserves. d. creates required reserves from loans. e. creates loans from required reserves.
Economics