The Federal Reserve
a. is responsible for conducting the nation's monetary policy, and it plays a role in regulating banks.
b. is responsible for conducing the nation's monetary policy, but it plays no role in regulating banks.
c. is not responsible for conducting the nation's monetary policy, and it plays a role in regulating banks.
d. is not responsible for conducing the nation's monetary policy, and it plays no role in regulating banks.
a
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Social Security was established
a. in the 1930s to provide retirement income to those with a work history b. in the 1930s to provide jobs for the unemployed c. in the 1930s to provide health insurance d. in the 1960s to provide retirement income to those with a work history e. in the 1960s to provide health insurance
Assume the price of Coca-Cola increases. As a result, your real income decreases and you decrease the quantity of Coca-Cola purchased each month. This is an example of the:
a. income effect. b. consumer price effect. c. revenue effect. d. substitution effect.
Why do airlines often charge students and vacationers a lower price than business travelers?
a. It is cheaper to provide airline service to students and vacationers than to business travelers. b. The demand of business travelers is generally more elastic than the demand of students and vacationers. c. The demand of students and vacationers is generally more elastic than the demand of business travelers. d. Airlines prefer to deal with students and vacationers rather than business travelers.
According to the World Bank, "extreme" poverty is defined as an income per person of less than
A. $1.90 per day. B. $5,000 per year. C. $2.50 per day. D. $29,000 per year.