There is an inverse relationship between the required reserve ratio and the money supply
Indicate whether the statement is true or false
True
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The activist response to the monetarist platform says that
A) private spending may show some stability, but monetary or fiscal policy designed to stabilize it will just make things worse. B) private spending is stable partly because consumption spending is based on permanent income. C) even if prices are not completely flexible in the short-run, given time there is enough flexibility for the system to return to the natural level of real GDP. D) None of the above.
In the late 18th century, England:
a. passed laws prohibiting the export of new industrial machinery. b. tried to discourage labor pirating. c. was the second largest producer of manufactured goods in the world. d. successfully prevented technology transfer to the U.S. e. Both a and b are correct.