Both ________ and ________ are monetary liabilities of the Fed
A) securities; loans to financial institutions
B) currency in circulation; reserves
C) securities; reserves
D) currency in circulation; loans to financial institutions
B
Economics
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Disposable personal income is equal to personal income minus personal tax payments
Indicate whether the statement is true or false
Economics
In a saving—investment diagram for a small open economy
A) the saving curve is vertical at some fixed level of output. B) the saving curve is horizontal at some fixed interest rate. C) the real interest rate is fixed at the world real interest rate. D) equilibrium requires that Sd = Id.
Economics