Which of the following is NOT a role of Federal Reserve Banks?
A) conduct discount lending
B) serve on the FOMC
C) set the interest rate on reserves
D) manage check clearing in the banking system
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
During the Great Depression in the United States between 1929 and 1933, banks' reserve/deposit ratio ________ and the amount of currency held by the public ________, while the money supply ________.
A. decreased; decreased; increased B. increased; increased; decreased C. decreased; decreased; decreased D. increased; increased; increased
If a market is narrowly defined, the market share of each firm declines than if it is broadly defined
a. True b. False Indicate whether the statement is true or false
What would be the impact of an increase in foreign income on the net export function?
a. The net export function would shift upward. b. The net export function would shift downward. c. The slope of the net export function would increase. d. The slope of the net export function would decrease. e. There would be a movement up along the net export function.