Over the years, the U.S. economy has become increasingly A) ...

[CORALGRILL2014]

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]

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]

Wow, this really help

[Liddy]

Thanks for the timely response, appreciate it