An external benefit is created when you pursue a college education

For all points below the 45-degree line, planned aggregate expenditure will be less than GDP

Indicate whether the statement is true or false

In response to the destructive bank panics of the Great Depression, future bank panics are designed to be prevented by

A) establishing a fractional reserve system of banking. B) increasing the required reserve ratio to 100%. C) the establishment of the Federal Deposit Insurance Corporation. D) the Federal Reserve System conducting open market operations. E) the Federal Reserve System acting as a lender of last resort.