Legal reserves are
A. vault cash plus Treasury notes.
B. funds that banks have on reserve with their district Federal Reserve Bank plus vault cash.
C. Treasury notes, vault cash, and demand deposits.
D. Treasury notes plus demand deposits.
B. funds that banks have on reserve with their district Federal Reserve Bank plus vault cash.
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________ quantity theory of money suggests that the demand for money is purely a function of income, and interest rates have no effect on the demand for money
A) Keynes's B) Fisher's C) Friedman's D) Tobin's
Keynesian economics endorsed the idea of
(a) increased government spending as a counterforce against slumps or recessions. (b) reduced taxation as a counterforce against rising prices. (c) increased government spending as a counterforce against inflation. (d) decreased government spending as a counterforce against slumps or recessions.