Rising expenditures (in dollars) must be accompanied by what?

more money or higher velocity

more money or higher employment

less money or lower velocity

less unemployment or higher velocity

Who provides sufficient reserves for the economy?

the Treasury

Congress

Congress and the president together

the Federal Reserve

the Department of Energy

An increase in reserves will often cause short-term interest rates to

fall.

rise.

A primary purpose of monetary policy today is to

stabilize the price of gold.

control the level of economic production.

stabilize interest rates.

stabilize the price level.

What largely determines the amount of money depository institutions can create?

the volume of reserves

the price of gold

the national debt

the amount of currency and coin in circulation