Reserves that the Fed injects into the banking system are ultimately
a. converted into loans that banks make to other banks
b. distributed among different banks in the system as required reserves
c. end up in just two or three banks
d. ineffective at increasing money supply
e. important to banks that want more customers
B
Economics
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The period of time in which the level of output moves from a trough to a peak is called a
A) contraction or recession. B) recovery or expansion. C) plateau. D) depression.
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The long-run supply curve is upward sloping in an increasing cost industry.
Answer the following statement true (T) or false (F)
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