Assume the deposit expansion multiplier is 3.0. If the Treasury borrows $5 billion from the Non-bank public and spends it on the public, bank reserves will

According to the Coase theorem, in order to solve a negative externality problem efficiently,

a. the property right must be assigned to the party with the least-cost alternative b. the property right must be assigned to the victim of pollution c. transaction costs must be high d. transaction costs must be low e. property rights must be determined by the courts

Money supply is to income as

a. real is to ideal. b. stock is to flow. c. real is to nominal. d. flow is to stock.