One of the main roles of a central bank is:
A. managing the nation's money supply.
B. coordinating the relationship between banking system and federal government.
C. ensuring that banks provide enough loans.
D. monitoring federal spending.
A. managing the nation's money supply.
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Which of the following statements is positive?
A. When the Federal Reserve increases the money supply, interest rates decrease. B. Higher taxes are needed to support education. C. Large budget deficits should be avoided. D. A tax cut that benefits low-income households is acceptable.
When the market price has fallen below a firm's ATC but is above its AVC, in the short run, the firm:
A. can minimize its losses by staying open. B. is earning positive profits. C. then a firm is covering all of its fixed costs, but not all of its variable costs. D. then MC must be greater than MR.
"Because of unseasonable cold weather, much of the peach crop has been destroyed." This statement indicates that the:
A. price of peaches will fall. B. quantity of peaches that will be available at any given price has decreased. C. demand for peaches will shift to the left. D. quantity of peaches that will be available at any given price have increased.
Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. The sweetness of the kiwifruit is based on:
A. its maturity at the time of harvest. B. the amount of water on the ground where it is grown. C. the amount of sunshine at the location of the plantation. D. the variety of the tree.