the board of governors does not
What will be an ideal response?
include the presidents of the 12 federal reserve banks
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The equilibrium or market clearing price occurs at the point at which
A) quantity demanded equals quantity supplied. B) the supply curve intersects the horizontal axis. C) the demand curve intersects the vertical axis. D) there is a shortage of the desired good.
Which of the following is false? a. Generally speaking, higher levels of saving will lead to higher levels of investment and capital formation and, therefore, to greater economic growth. b. Economic growth rates tend to be higher in countries where the government enforces property rights
c. Investment alone does not guarantee economic growth, which hinges importantly on the quality and the type of investment as well. d. None of the above are false; all are true.
An example of a buyer in a financial market would be:
A. corporations loaning money to other firm. B. students saving for college. C. families putting money away for the future. D. families buying new houses.
The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of
A) the marginal product of labor. B) the division of labor. C) the average product of labor. D) the average cost of production.