Traditionally, the Federal Reserve can give emergency loans only to:
Commercial banks
Manufacturing firms
Securities firms
Investment banks
Commercial banks
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The basis for trade is comparative advantage, not absolute advantage
Indicate whether the statement is true or false
What is meant by the statement that investment projects are irreversible? How does the idea that investment projects are irreversible affect the volatility of investment in capital goods?
What will be an ideal response?
The Federal Open Market Committee (FOMC) consists of: a. the Board of Governors and the Secretary of the Treasury
b. the presidents of the 12 Federal Reserve Banks. c. the Board of Governors and some of the Federal Reserve Bank presidents. d. the Comptroller of the Currency and seven Reserve Bank presidents. e. representatives from banks throughout the U.S.
What happens to the total surplus in a market when the government imposes a tax?
a. Total surplus increases by the amount of the tax. b. Total surplus increases but by less than the amount of the tax. c. Total surplus decreases. d. Total surplus is unaffected by the tax.