If the required reserve ratio is 0.12, the amount a bank can lend is equal to:

When the Fed wants to increase the US money supply, it will order the US Mint to print more currency

a. true b. false

If farm price supports gave farmers 60 percent parity in 1975, then we know that

a. farm purchasing power was 60 percent higher in 1975 than in 1910–1914 b. farm purchasing power was 60 percent lower in 1975 than in 1910–1914 c. farmers were better off in 1975 than in 1910–1914 d. farm prices in 1975 purchased 160 percent of what they purchased in 1910–1914 e. the purchasing power of a unit of farm goods in 1975 was 60 percent of the purchasing power it had in 1910–1914