The actual control of the Federal Reserve System resides in the
a. Congress of the United States.
b. member banks.
c. Senate Banking Committee.
d. Board of Governors.
d
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John has been trying to find a job for the past six months. He went for an interview at Aqua Inc Although his performance was better than that of all the other candidates, the interview board rejected him thinking that they must be missing out on
something about him that other employers have noticed and hence, have not hired him. A(n) ________ has occurred in this case. A) positive externality B) negative externality C) moral hazard D) information cascade
In the circular flow, investment refers to spending on
a. government bonds. b. certificates of deposit. c. capital goods. d. consumer goods.
The equilibrium of aggregate supply and aggregate demand represents the:
A. total of all goods and services produced in the major sectors of the economy. B. general price level of the economy with respect to goods and services households purchase. C. overall state of the national economy. D. All of these are true.
A perfectly competitive firm is producing a good at a level where P = $90 and MC = $90. The firm will continue to produce as long as:
A. AVC is less than $90. B. AFC is less than $90. C. price does not increase. D. ATC is greater than $90.