The money expansion process continues until there are no more:
a. required reserves in the system.
b. demand deposits in the system.
c. excess reserves in the system that banks are willing to lend.
d. liabilities in the system.
e. assets in the system.
Question 2
Which of the following statements is true?
a. Emissions-trading is trading that allows firms to buy and sell the right to pollute.
b. The Coase Theorem is the proposition that private markets can rarely ever achieve social efficiency.
c. The free-rider problem refers to those who ride on public transit systems without paying.
d. Government failure has never occurred in the United States.
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