The most important function of the Fed is to
A) provide a system for collecting and clearing checks.
B) regulate the money supply.
C) collect taxes.
D) support the federal government's deficit spending by buying government securities.
B
You might also like to view...
The "New Deal" measures introduced in 1933 and 1934 to end the depression
(a) brought about almost complete recovery by the mid-1930s. (b) were not completely successful in ending the Depression, which lasted until the beginning of World War II. (c) actually interfered with recovery, and the Depression worsened in the mid-1930s. (d) were not very successful at first but finally ended the Depression by the late 1930s.
From 1929 to 1933, U.S. output dropped by about
a. 10 percent b. 20 percent c. 25 percent d. 50 percent e. 75 percent
A deliberate design within the choice architecture that alters people's behavior in predictably positive ways is called an example of:
A. traditional behavior. B. purposeful behavior. C. a nudge. D. a push.
All of the following are strategies a firm with market power can adopt to increase it profits over time except:
A) mergers with, and acquisitions of, competing firms. B) erecting barriers to entry. C) setting price equal to the marginal costs of production. D) influencing the regulatory process.