The National Monetary Commission
A) was created by Congress to study the setting up of a central bank.
B) authorizes open market operations.
C) oversees nationally chartered banks.
D) chooses Federal Reserve district bank presidents.
A
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Changes in which of the following do NOT shift the AS curve?
i. the price level ii. potential GDP iii. the money wage rate A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
According to ________, the law's assignment of property rights would have no effect on the way resources would end up being used
A) Milton Friedman B) Ronald Coase C) Aaron Director D) George Stigler
Discuss the benefits and costs of joining a fixed-exchange area
What will be an ideal response?
The years from 1933 to 1937 are notable for ________
A) high unemployment, despite rapid growth of real output B) low unemployment, despite sluggish output growth C) persistent deflation, despite rising unemployment D) the creation of the Federal Reserve System E) none of the above