The new tariffs on aluminum and steel imposed by the Trump Administration are ba
ID: 1162068 • Letter: T
Question
The new tariffs on aluminum and steel imposed by the Trump Administration are based on which argument for protection: The new tariffs on aluminum and steel imposed by the Trump Administration are based on which argument for protection: The new tariffs on aluminum and steel imposed by the Trump Administration are based on which argument for protection: The new tariffs on aluminum and steel imposed by the Trump Administration are based on which argument for protection: The new tariffs on aluminum and steel imposed by the Trump Administration are based on which argument for protection: Choose the correct answer for each question. 1. The money supply in the U.S. is backed: A by the government's ability to control the supply of money and keep its value relatively stable. B. by government bonds. C. dollar-for-dollar by gold and silver. D. by gold reserves representing a fraction of the total value of dollars in circulation. a. The fractional reserve banking system in the U.S. is based on the practices of the goldsmiths. the federal reserve system c. the latest world banking regulations. d. currency speculators. 3. Expansionary monetary policy operates initially by a. increasing aggregate supply b. decreasing the inflation rate 9 increasing investment and thereby increasing aggregate emand all of the above 4. An easy money policy would include the Fed: a. increasing the discount rate b. increasing the reserve requirement Cbuying bonds. d. all of the above e. none of the above. 5. A tight money policy would include the Fed: a. decreasing the discount rate D increasing the reserve requirement c. buying bonds d. all of the above e. none of the above 6. The speculative demand for money Is a function of a. consumer incomes.Explanation / Answer
Answer 1:
Option A. The money supply in the United States is backed by the full faith and credit of the United States. It is not backed by any physical asset. Thus, it is backed by the government's ability to control money supply.
Answer 2:
The fractional reserve banking system in the United States is based on the practices of goldsmiths.
Answer 3:
Option C. Expansionary monetray policy refers to increase in the level of money supplied which reduces the level of interest rate in the economy and thus increases investment rate and thus voerall aggregate demand in the economy.
Answer 4:
Option C. An easy monetray policy involves purchase of bonds in the open market by the government.
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