The Supply of Money Increases When

question 217

Multiple Choice

The supply of money increases when

• A)the value of money increases.
• B)the interest rate increases.
• C)the Fed makes open-market purchases.
• D)None of the above is correct.

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Definitions:

Gyro

A traditional Greek dish made of meat cooked on a vertical rotisserie, often served with tomato, onion, and tzatziki sauce, wrapped in pita bread.

Utility

A measure of satisfaction or pleasure that a person gains from consuming goods and services.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer gains from consuming one more unit of a good or service.

Hot Dogs

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a sandwich.