Which of the following is true about the United States?
a. There has only been one recession in U.S. history.
b. There have been recessions every couple of years throughout U.S. history.
c. Recessions have never occurred in the United States.
d. Recessions have occurred periodically in U.S. history.
e. Recessions in the United States have generally been worse than in other countries.
d
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If the FOMC decides that the Fed should buy bonds it
A) instructs the New York Federal Reserve Bank's trading desk to buy them. B) asks the Congress for permission to buy them. C) requires the permission of the Financial Oversight Committee. D) requires the President's signature on the buy order.
Which of the following is most likely to be a fixed cost for farmer McDonald? Fertilizer
A. Gasoline B. Fertilizer C. Insurance D. Seed
If there is an advancement in the technology used to produce a product, what is the likely effect it may have on the supply?
A. The company would not change its manufacturing. B. More people would be needed to produce the product. C. It would decrease the supply. D. It would increase the supply.
The highest measured rate of unemployment in the United States occurred during
A. the Carter administration. B. the Panic of 1893. C. the Great Depression. D. the post-WWII years.