Which of the following statements is false?
A) The Fed has the legal authority to create money out of thin air.
B) There is a direct relationship between the money supply and the required reserve ratio.
C) The Fed can cause money to disappear into thin air.
D) The federal funds market is a market in which banks can borrow money from other banks.
B
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The PPI is the
A) production performance indicator. B) producer price index. C) price parity index. D) prime producer index.
Which of the following examples reflects monopolistic competition?
a. Pineapple agriculture has just enough farms to meet society’s needs efficiently. b. The ski resort business has too many resorts to meet society’s needs efficiently. c. Tea agriculture does not have enough farms to meet society’s needs efficiently. d. The tourism industry fluctuates between too many and too few tours to meet society’s needs efficiently.