Banks can increase the supply of money
A. only by increasing the currency in the hands of the public.
B. only by increasing the checking deposits held by the public.
C. by increasing both the currency and the checking deposits in the hands of the public.
D. neither by increasing the currency nor the checking deposits in the hands of the public.
C. by increasing both the currency and the checking deposits in the hands of the public.
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The Consumer Expenditure Survey measures
A) households' spending patterns. B) the wholesale price on what consumers buy so that a markup percentage can be found. C) the maximum price buyers will pay for a good or service. D) consumers' incomes. E) the jobs at which consumers work.
A study by Edward Prescott found that the ________ marginal tax rates in the United States relative to Europe resulted in a ________ quantity of labor supplied in the United States
A) higher; smaller B) lower; smaller C) lower; larger D) higher; larger