The Federal Reserve System is owned by
a. federal government agencies such as the Treasury
b. the Congress of the United States
c. the banks that are members of the Federal Reserve System
d. the legislatures of all 50 states
e. people who have deposits in member banks
C
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Graphically, a market demand curve is found by
A) taking the average of all prices that people are willing to pay. B) summing the quantities demanded by all individuals at each price. C) summing the prices each consumer would pay for each quantity. D) taking the average of the individual demand curves.
If the rate of return is higher than the cost of borrowing the:
A. investor will lose money on net after paying back the loan. B. investor will make money on net after paying back the loan. C. saver will make less money on net than the borrower. D. borrower will make more money on net than the saver.
Describe the shape of the monopolistically competitive firm's demand curve
The service a homeowner performs when she mows her yard is not included in GDP because:
A. This is a nonmarket transaction
B. This is a nonproduction activity
C. This is a noninvestment transaction
D. Multiple counting would be involved