Most of the Fed's income is:
A. paid to member banks in the form of a dividend.
B. used to build the Fed's portfolio of securities.
C. sent to the FDIC to shore up the depositor insurance fund.
D. returned to the U.S. Treasury.
Answer: D
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As in the United States, an important factor in the banking crises in Latin America was the
A) financial liberalization that occurred in the 1980s. B) decline in real interest rates that occurred in the 1980s. C) high inflation that occurred in the 1980s. D) sluggish economic growth that occurred in the 1980s.
Which of the following is an accurate description of the aggregate demand curve?
a. It is the sum of all individual demand curves for all products b. It shows all price levels at which firms' unit costs equal their percent markups. c. It is the curve decided upon by the voters. d. It shows the relationship between firms' unit costs and their percentage markups. e. It shows the equilibrium level of GDP associated with price level.
The government was successful in gaining an antitrust conviction in the:
A. U.S. Steel case. B. IBM case. C. Alcoa case. D. DuPont cellophane case.
In the short run, a competitive firm has a marginal product of labor, MPL = 5L-0.5. The output price is $10 per unit and the wage is $7 per hour. The short-run labor demand curve for the firm is
A) 5L-0.5. B) 15L-0.5. C) 35L-0.5. D) 50L-0.5.