Endogenous Money Is Where the Money Supply Is NOT Determined

question 19

Multiple Choice

Endogenous money is where the money supply is NOT determined by the monetary authority, but

• A)by the federal government.
• B)by the private sector.
• C)responds to conditions in the economy.
• D)the consumer.
• E)by total money demand in the economy.

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Definitions:

Standard of Living

The amount of riches, ease, physical items, and basic requirements possessed by a distinct class or region.

Productivity

The measurement of the efficiency of production, often evaluated as the ratio of output to inputs in the production process.

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value.

Technological Knowledge

Information and skills acquired through experience or education regarding the use, development, and application of technological tools and systems.