Under the Federal Reserve Act, which banks must be members of the Federal Reserve System?
A) all commercial banks
B) national banks
C) state banks
D) all banks with capital in excess of $100 million
B
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
The supply chain has change very little over the past 50 years
Indicate whether the statement is true or false
The ratio of the debt to GDP is a measure of the burden the debt places on the economy.
Answer the following statement true (T) or false (F)
Suppose that competing firms form an employers’ association that hires labor as a monopsonist would.
a. Suppose that competing firms form an employers’ association that hires labor as a monopsonist would. This will cause a? b. Hospital administrators sometimes complain about a “shortage” of nurses. The shortage is the result of?