The twelve regional Federal Reserve banks are responsible for:
A. Accepting deposits from nonbank businesses.
B. Providing currency to other countries.
C. Lending money to individuals.
D. Lending reserves to private banks.
D. Lending reserves to private banks.
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GA wind farm in Iowa buys a large turbine generator from a Swedish-owned factory located in Connecticut that uses workers who live in Connecticut. As a result,
a. U.S. investment, GDP, and GNP all increase by the same amount. b. U.S. investment increases, but GDP and GNP are unaffected by the purchase. c. U.S. investment and GDP increase by the same amount, but U.S. GNP increases by a smaller amount. d. U.S. investment and GNP increase by the same amount, but U.S. GDP increases by a smaller amount.
A cartel is:
A. a firm that always has a dominant strategy. B. a number of firms who collude to make collective production decisions about quantities or prices. C. a duopoly with more than two firms. D. the "leader" of an industry, typically the firm with the largest market share.
P = 50 - 1/500Q is the demand curve for tickets. MC = $10 per ticket. What is the optimal price? Calculate the consumer surplus at this price.
What will be an ideal response?
Which of the following is not a topic studied in Macroeconomics?
A. the unemployment rate B. the inflation rate C. the price of Dell computers D. gross domestic product