Using the the description or the definition below, identify each of the terms and concepts from this chapter.
a. Legal reserves owned by depository institutions.
b. Money supply has a dominant influence on the price level, spending, production and employment in the economy.
c. Both fiscal and monetary policy are needed to achieve a nation's economic goals.
d. Approach to economic policy directed towards increasing productivity and the supply of goods and services in order to combat inflation.

Question

Using the the description or the definition below, identify each of the terms and concepts from this chapter.
 a. Legal reserves owned by depository institutions. 
b. Money supply has a dominant influence on the price level, spending, production and employment in the economy. 
c. Both fiscal and monetary policy are needed to achieve a nation's economic goals. 
d. Approach to economic policy directed towards increasing productivity and the supply of goods and services in order to combat inflation.

Quizplus · Accepted Answer

The Answer of Using the the description or the definition below, identify each of the terms and concepts from this chapter.
 a. Legal reserves owned by depository institutions. 
b. Money supply has a dominant influence on the price level, spending, production and employment in the economy. 
c. Both fiscal and monetary policy are needed to achieve a nation's economic goals. 
d. Approach to economic policy directed towards increasing productivity and the supply of goods and services in order to combat inflation.

Using the The Description or the Definition Below, Identify Each