To measure GDP by using the income approach, we must add all incomes and then ________ depreciation and ________ net taxes less subsidies.
A) add; neither add nor subtract
B) add; add
C) add; subtract
D) subtract; add
E) neither add nor subtract; add
Question 2
To decrease the money supply using the reserve requirements, what would the Fed typically do?
A) let each bank get less currency from the Treasury
B) raise the reserve requirement for banks
C) reduce the reserve requirement for banks
D) make each bank voluntarily set its own reserve levels
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