The largest item on the liability side of the Federal Reserve's balance sheet is
A) commercial bank deposits.
B) U.S. government securities.
C) cash items in the process of collection.
D) Federal Reserve notes outstanding.
D
Economics
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According to Figure 9.1, saving equals zero at an income level of
A. $2,000 billion. B. $0. C. $1,000 billion. D. $500 billion.
Economics
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
Economics