Suppose that you are the central bank president in a developing country which is predominantly agricultural. During planting season, c the proportion of demand deposits held as cash doubles, but you wish to keep the money supply constant
You may decide to A) reduce e and/or buy securities and/or lower the rediscount rate.
B) increase e and/or buy securities and/or lower the rediscount rate.
C) reduce e and/or sell securities and/or raise the rediscount rate.
D) increase e and/or sell securities and/or raise the rediscount rate.
A
Economics
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The value of money or income in terms of the quantity of goods the money can buy is called its
A) nominal value. B) marginal value. C) real value. D) implicit value.
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Human effort that can be applied in the production process is called:
A) natural resources. B) technology. C) labor. D) specialization.
Economics