The Federal Reserve is considered by experts to be a government agency that is
A) totally independent from the rest of the federal government.
B) semi-independent from the rest of the federal government.
C) closely tied to Congress.
D) subservient to the interests of large money-center banks.
B
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The greater the marginal propensity to consume in the economy, the smaller the spending multiplier
a. True b. False Indicate whether the statement is true or false
When Pepsi becomes more expensive relative to other beverages, people will purchase less Pepsi. This observation is known as the:
A. diamond-water paradox. B. law of diminishing marginal utility. C. substitution effect. D. income effect.
One essential trade-off involving business risk which the market system provides is reflected in which of the following?
A. Access to the firm's profits and gains are open only to those who take on the business risk of the firm B. Those who receive guaranteed payments from the firm are also guaranteed a share of the firm's profits C. Those who make bad decisions regarding risk will suffer losses; those who decide wisely will gain profits D. Those who bear the business risk of the firm are guaranteed to always gain profits
In the context of the global economy, the United States' capacity utilization rate __________________ than it was just a few decades ago.
A. is much more important B. is much less important C. has the same importance