In the United States, the central bank is the ________
A) Bank of America
B) Federal Reserve System
C) Federal Reserve Bank of New York
D) Federal Reserve Bank of Washington D.C.
B
You might also like to view...
Refer to the figure above. When the demand curve for gas is D1 and the supply curve for gas is S, the equilibrium price is:
A) $3. B) $5. C) $6. D) $8.
Recall the Application about the response of bike messengers in Zurich to a change in wages to answer the following question(s).Recall the Application. A study of bike messengers in Zurich showed that as the messengers' revenue share increased from 40% to 50%, the bike messengers took more shifts but pedaled slower. If the increase in the revenue is similar to a wage increase, then the decrease in the pedaling speed is reflective of:
A. the income effect. B. the substitution effect. C. neither the income nor the substitution effect. D. both the income and the substitution effect.
An increase in a per unit production subsidy ______ supply.
Fill in the blank(s) with the appropriate word(s).
The 2010 health-care reform law commonly known as Obamacare required large companies to provide costly health insurance to their full-time workers. In response, some large companies started preferring to employ part-time workers rather than full-time employees. This is an example of:
A. Unintended consequences B. The principal-agent problem C. Special-interest effect D. Limited and bundled choice