It is widely believed that the Federal Reserve's most important function is
A. to lend to risky customers.
B. to provide loans to the federal government.
C. to regulate the money supply.
D. to set the legal, controlled consumer interest rates.
Answer: C
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Which of the following events would cause a movement downward and to the left along the supply curve for mangos?
a. The number of sellers of mangos decreases. b. There is an advance in technology that reduces the cost of producing mangos. c. The price of mangos falls. d. The price of fertilizer increases, and fertilizer is an input in the production of mangos.
A government policy aimed at protecting people against the risk of adverse events is called
As new firms enter a monopolistically competitive industry where profits are being made
A. the demand curve facing each firm decreases, thereby reducing prices and profits. B. the market demand curve for the product decreases, thereby reducing prices and profits. C. the demand curve facing each firm increases, thereby increasing prices and profits. D. the market demand curve for the product increases, thereby increasing prices and profits.
If the money prices of resources changes, the SAS curve shifts
Indicate whether the statement is true or false