The Fed’s principal objective is to
A. make profits to pay into the U.S. Treasury.
B. collect tax revenues.
C. supervise the business decisions of banks.
D. manage the money supply and interest rates.
Answer: D
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If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of
A) economies of scope. B) economies of scale. C) monitoring. D) increasing transactions costs.
Money neutrality states that
A) with money, one can still use the representative agent. B) changes in money do not affect real aggregates. C) changes in inflation do not affect real aggregates. D) monetary policy is independent from politics.
An example of ________ is an internship program.
A. social capital B. tangible capital C. infrastructure D. intangible capital
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computer manuals after technological advances in making computers occur?
A) Graph A B) Graph B C) Graph C D) Graph D