Question
Which of the following is INCORRECT? A) You found $100 bill and deposited it into bank A. If bank A does not lend it and
Which of the following is INCORRECT?
A) You found $100 bill and deposited it into bank A. If bank A does not lend it and keep it as excess reserve, the new money is 0.
B) A public debt which is owed to foreigners can be burdensome because payment of interest reduces the volume of goods and services available for domestic uses.
C) If the current price level was such that the aggregate quantity demanded exceeded the aggregate quantity supplied, the aggregate demand curve to shift leftward.
D) It is easier to resolve demand-pull inflation than cost-push inflation.
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