A major problem under the gold standard was the inability to adjust the money supply to economic expansion

a. true
b. false

Ans: a. true

Economics

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Suppose that the federal funds rate and the discount rate are equal initially at 3%. If the discount rate is then lowered to 2.5%, to whom will a bank be more likely to go for a loan: the Federal Reserve or another bank? Explain your answer in detail, and be sure to mention the impact that this situation would have on the money supply

Economics

Behavioral economics:

A. draws on insights from psychology to expand models of individual decision making. B. draws on insights from anthropology to clarify models of individual decision making. C. draws on insights from business theory to expand models of household behavior. D. is the least disputed field of economics.

Economics