Who prints currency for whom? How does the currency finally make its way to the thousands of banks operating in the economy?
Answer to relevant QuestionsHow does a bank's borrowing reserves on the federal funds market differ from borrowing from the Fed? "The key to any economic stabilization is man aging aggregate demand." Keynesians and neo Keynesians would agree with that statement, even though they see quite different outcomes stemming from such management. Discuss. Explain why unemployment insurance is a good example of an automatic stabilizer. If government decides, it can reduce defense spending and even spending on education to a penny, but it can't do that with Social Security. Why not? (Hint: Distinguish between a trust fund and discretionary government ...Explain why some economists believe the burden of a public debt cannot be shifted onto future generations.
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