What does the quantity theory speculate about the cause of inflation?
a. when there's a lot of currency in circulation, inflation can occur
b. when a good decreases in value, its price will rise and inflation can occur
c. when increased costs provoke producers to raise prices, inflation can occur
d. when demand for goods and services exceeds the supply available inflation can occur

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

The questions of economics address which of the following ? check all that apply

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price