In 1913, Congress established the Federal Reserve system with the intention of putting an end to

A) high unemployment rates. B) bank panics.
C) high interest rates. D) inflation.


B

Economics

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(Appendix) In the production function Q = 10L1/2K1/2, if the inputs are quadrupled, are there economies of scale?  .

What will be an ideal response?

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The ______ is a theory describing how a budget deficit reduces investment spending and long-term economic growth.

a. Fannie Mae effect b. upside down effect c. Dodd-Frank effect d. crowding-out effect

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One of the potential problems with the public debt is that it may:

A. make income distribution more equitable. B. lead to added taxes that reduce economic incentives. C. decrease interest rates and increase investment spending. D. increase the debt burden of foreign creditors.

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An effective price ceiling will be set above the equilibrium price.

Answer the following statement true (T) or false (F)

Economics