abeka economics reading quiz K

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Milton Friedman advocated what theory stating that the variation in the money supply is the main source of economic fluctuations?

monetarism

What is a period of time in which the economy declines?

recession

True/False: The Federal Open Market Committee is a main component of the Federal Reserve System

true

What controls the majority of America's money supply?

Federal Reserve System

True/False: The three main tools of the US department of the Treasury are open market operations, reserve ratios, and discount rates

false


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