Primary reserves are held in the form of ____ and ____; secondary reserves are held in the form of _____.
Fill in the blank(s) with the appropriate word(s).
vault cash; deposits at the Federal Reserve district banks; short-term U.S. Treasury securities
Economics
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An increase in the expected inflation rate
A) leads to a movement downward along the short-run Phillips curve. B) shifts the short-run Phillips curve downward. C) shifts the long-run Phillips curve upward. D) shifts the short-run Phillips curve upward. E) leads to a movement upward along the short-run Phillips curve.
Economics
Refer to Figure 7-2. At the market equilibrium
A) the marginal cost is less than the marginal benefit. B) the marginal cost is greater than the marginal benefit. C) the marginal cost is equal to the marginal benefit. D) the marginal cost is zero.
Economics