The major goods imports of the United States (in dollar volume) are:
A) chemicals, consumer durables, aircraft, and grain.
B) automobiles, petroleum, computers, and household applianc
Daniel P. Smith
January 30, 2017
Page 728, Discussion Questions 1-13
1. Money is a Medium of Exchange that is usable for buying and selling good and services
1) Money is a Unit of Account. Society uses monetary units, dollars, as a yardstick
Chap 33 (Pg. 744) Discussion Qs 1,2,4, and 6
Review Qs 3 and 5
Traders/Merchants relied on the means of goldsmiths receipts because gold was not an easy
thing to measure when it came to its weight and
Chapter 34 Discussion Questions 2, 3, 5, and 7
The basic objective of monetary policy is to aid the economy to a full level of employment.
The feds monetary control, more importantly, open market operations (The buying a