Table 14.1Monetary Aggregates of the U.S. Financial SystemItemAmountCash held by public$250 billionTransactions deposits$1,000 billionRequired reserves$150 billionExcess reserves$0 billionU.S. bonds held by public$1,000 billionAssume an original balance sheet: The level of total reserves in Table 14.1 is

Studies in the 1980s and early 1990s showed that, in general, greater central bank independence

A) was associated with lower average inflation. B) was associated with lower average inflation and higher average real GDP growth. C) was associated with lower average inflation and higher unemployment. D) was associated with higher average inflation and higher average real GDP growth

Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn02400480301802036060120402409060601201200800Who has the comparative advantage in the production of green beans?

A. Giovanni B. Jorge C. Both D. Neither