For many years after the Great Depression, economists believed a central bank policy of increasing bank reserves in response to a recession would be
A) largely ineffective.
B) the opposite of what the circumstances required.
C) useless unless it also raised interest rates.
D) useless unless it was accompanied by declining prices.
A
Economics
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Supply is elastic whenever the value of the elasticity of supply is positive and greater than 1
Indicate whether the statement is true or false
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What were some of the consequences of the large current account deficits that the U.S. ran over a long period of time that culminated in the crisis that began in 2007?
What will be an ideal response?
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