The major objective of the Federal Reserve System is to:
a. make substantial profits for its member banks
b. help in generating stabilization policies for the economy.
c. distribute paper money and coins to banks and retail stores.
d. prevent closure (failure) of individual member banks.
b
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If you won the state lottery and were guaranteed a monthly income of $5000 for life then ________ would argue that your ________ income has increased
A) Friedman; permanent B) Friedman; transitory C) Modigliani; transitory D) Modigliani; permanent
In a closed economy with no taxes in which the average MPC is 0.75, which of the following is true?
A) If income is $100 the savings is $75 B) If income is #100 then consumption is $50 C) If income is $200 then saving is $50 D) If income is $200 then consumption is $75 E) If income is $500 then saving is $100
Explain the three rules that countries must follow to maintain a gold standard
What will be an ideal response?
The agency responsible for compiling the National Income Product Accounts for the U.S. economy is the:
A. Council of Economic Advisers. B. Bureau of Economic Analysis. C. National Bureau of Economic Research. D. Bureau of Labor Statistics.