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Author Question: Over the years, the U.S. economy has become increasingly A) monopolistic. B) oligopolistic. C) ... (Read 38 times)

CORALGRILL2014

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on: Jun 29, 2018
Over the years, the U.S. economy has become increasingly
 
  A) monopolistic.
  B) oligopolistic.
  C) competitive.
  D) cartelized.

Question 2

If the currency drain increases, the monetary base decreases. Explain whether the previous statement is correct or incorrect.
 
  What will be an ideal response?


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mcarey591

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is false. If the currency drain increases, the money multiplier (and the quantity of money) decreases but the monetary base itself is unaffected.


CORALGRILL2014

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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