Author Question: Over the years, the U.S. economy has become increasingly A) monopolistic. B) oligopolistic. C) ... (Read 62 times)

CORALGRILL2014 · **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?

mcarey591 · **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.