A cash withdrawal from the banking system
A) decreases deposits. B) decreases reserves.
C) decreases excess reserves. D) All of the above are correct.
D
Economics
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On a given short-run Phillips curve which of the following is not held constant?
a. the level of GDP b. the position of the aggregate-supply curve c. expected inflation d. the expected growth rate of the money supply
Economics
If the CPI declines from one year to the next, then the following statements are true, except:
A. There is deflation B. The inflation rate is negative C. The average price level is decreasing D. The CPI turns negative in the next year
Economics