Which of the following is correct? When the Federal Reserve buys government securities from the public, the money supply:
A. contracts and commercial bank reserves increase.
B. expands and commercial bank reserves decrease.
C. contracts and commercial bank reserves decrease.
D. expands and commercial bank reserves increase.
D. expands and commercial bank reserves increase.
Economics
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According to Allan Kulikoff, between 1630 and 1670, major surges in productivity caused tobacco output per worker to increase by a factor of:
a. two (doubling). b. three (tripling). c. four (400%). d. five (500%). e. Tobacco productivity held steady during these years.
Economics
The external debt can place a continuing burden on the United States by reducing consumption in the United States
Indicate whether the statement is true or false
Economics