Which of the following is TRUE of a perfectly competitive firm and a monopoly in the long run?

Suppose Stan transfers $1,000 from his checking account into a savings account. What are the effects on M1 and M2 money supply?

A) M1 increases; M2 decreases. B) M1 decreases; M2 remains the same. C) Both M1 and M2 increase. D) Both M1 and M2 decrease. E) Both M1 and M2 remain the same.

The mandate for the monetary policy goals that has been given to the Federal Reserve System is an example of a ________ mandate

A) primary B) dual C) secondary D) hierarchical