Labor supply curves are always upward sloping

During the 1930s, banks found it hard to solve the asymmetric information problem between borrowers and lenders, because ____

a. Many borrowers lacked adequate collateral b. Changing federal bank regulations created uncertainty c. The fall in the stock of money reduced aggregate demand d. Interest rates had fallen to "liquidity trap" levels

The Federal Reserve may choose to monetize the debt in order to

a. reduce the burden of the national debt. b. shift the supply curve of money outward. c. shift the demand curve for money inward. d. reduce the volume of reserves in commercial banks.