When a primary dealer buys a government bond from the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant

Pieces of property that serve as a store of value are called

A) assets. B) units of account. C) liabilities. D) borrowings.

If the economy of Gwondanaland is growing more rapidly than the economy of Japan, most likely

a. Japan has more current investment than Gwondanaland. b. Japan has more government spending than Gwondanaland. c. Japan spends more on capital goods than Gwondanaland. d. Gwondanaland has lower current consumption than Japan. e. Gwondanaland has lower current investment than Japan.