The Fed was committed to keeping interest rates low to assist Treasury financing of budget deficits

A) only during World War I.
B) during the Great Depression.
C) during World War I and World War II.
D) throughout the entire existence of the Fed.

C

Economics

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Changes in nominal GDP always reflect changes in real output

a. True b. False Indicate whether the statement is true or false

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The only way a consumer can optimize at a corner of her budget is if at least one of the goods is not essential.

Answer the following statement true (T) or false (F)

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