The supply of money is determined by
a. the price level.
b. the Treasury and Congressional Budget Office.
c. the Federal Reserve System.
d. the demand for money.
c
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If the natural monopoly shown in the figure above is unregulated, it will sell
A) 2 million units. B) 3 million units. C) 4 million units. D) 5 million units.
Which of the following questions would not be of particular interest to a microeconomist?
a. Why do national economies grow? b. What percentage of consumer income is spent on entertainment? c. Why do workers prefer the 4-day workweek? d. What happens to worker productivity when the job shifts to a 4-day workweek? e. How is the electric industry harmed by the passage of new clean air legislation?
Explain two reasons why economic forecasting can only be of limited use
Which of the following federal agencies is NOT engaged in social regulation?
A. Environmental Protection Agency B. Federal Deposit Insurance Corporation C. Federal Trade Commission D. Food and Drug Administration