Question

In: Economics

13. Bankers’ decisions on how much to hold in reserves influence the supply of money. True...

13. Bankers’ decisions on how much to hold in reserves influence the supply of money.

True

False

14. Inflation increases the use of money as a store of value.

True

False

15. Labor is defined as cheap only if its productivity is very low.

True

False

16. A credit card is a form of money.

True

False

17. Exports are goods produced domestically and sold abroad.

True

False

18. When the dollar depreciates, the prices of imported inputs rise, and the U.S. aggregate supply curve, therefore, shifts inward, pushing up the prices of American-made goods and services.

True

False

Solutions

Expert Solution

Rahul Sunny answered 8 months ago
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