In a system of 100-percent-reserve banking,
a. banks do not make loans.
b. currency is the only form of money.
c. deposits are banks' only assets.
d. All of the above are correct.
a
Economics
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In the Keynesian framework, as long as output is above the equilibrium level, unplanned inventory investment will remain ________ and firms will continue to ________ production
A) negative; lower B) negative; raise C) positive; lower D) positive; raise
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Aggregate output is increased by a decrease in
A) autonomous consumption. B) government spending. C) planned investment. D) net taxes.
Economics