CH 12 - In the equation of exchange if you multiply the...

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In the equation of exchange if you multiply the amount of money by the average number of times each dollar is spent, then the result will equal the average price times the quantity purchased during the time period. True The equation of exchange is: M x V = _____ x Q R S V P The “capital account” at the Fed includes the actual _____________ that banks are required to deposit with the Fed. gold silver copper funds (7 of 24) The basic concepts for the Fed to im plement an “tight money” policy would include Federal Reserve sells securities Reserve ratio is reduced Discount rate is reduced All the above Only funds inside a bank’s vault are counted as part of the M1 money supply. False (9 of 24) The _______________ school was very influencial during the Reagan Administration and continues to this day to be an important part of monetary considerations. Monetarist Keynesian Utopian Socialist None of the above (10 of 24) ______________ believe that there is only a small amount of crowding-out if any at all.
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Monetarists Keynesians All the above
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