Before 1863
A) federally-chartered banks had regulatory advantages not granted to state-chartered banks.
B) the number of federally-chartered banks grew at a much faster rate than at any other time since the end of the Civil War.
C) banks acquired funds by issuing banknotes.
D) banks were required to maintain 100% of their deposits as reserves.
C
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Suppose that the economy begins at a long-run equilibrium. Which of the following raises the price level and decrease real GDP in the short run?
A) a decrease in the quantity of money B) an increase in the price of oil that decreases aggregate supply C) an increase in the stock of capital that increases aggregate supply D) an increase in government expenditures
Suppose that the price of one ear of corn was $0.05 in 1920, that the CPI in 1920 was 10, and that in 1990 the CPI was 180 . What is the price of a 1920 ear of corn in 1990 dollars?