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Sophia Macroeconmics Unit 3 Milestone
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Which of the following is the reason the United States had been opposed to the idea of central banks in the past? It was easier to make money trading currency using the old banking methods. The value of currency was uncertain. The risk of runs and panics was still too high. The British central bank had exerted control over the colonies. CONCEPT History of the Central Bank 2 If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? The economy will increase by $250 billion. The economy will increase by $350 billion. The economy will increase by $500 billion.
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