To calculate the monetary base, one must:
a. Add currency held both inside financial institutions and outside financial institutions to deposits at the central bank.
b. Subtract currency in circulation from financial institutions' reserves.
c. Sum all financial institutions' reserves, because financial institutions' reserves and the monetary base are two terms meaning the same thing.
d. Subtract from financial institutions' reserves all deposits held with the central bank.
e. None of the above.
.A
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Post-Revolutionary trade data show that after 1790:
a. U.S. trade with non-British areas of the Caribbean increased. b. the export of food to the West Indies increased. c. trade in the southern U.S. did not keep pace with population growth. d. the U.S. exported tobacco to France and the Netherlands. e. All of the above.
C = a + bY is a form of the consumption function where a is
a. the consumption function, b is the marginal propensity to consume, and Y is national income b. the marginal propensity to consume, b is the consumption function, and Y is national income c. the marginal propensity to consume, b is autonomous consumption spending, and Y is national income d. autonomous consumption spending, b is the marginal propensity to consume, and Y is national income e. autonomous consumption spending, b is the consumption function, and Y is consumption spending