The Fed acquired the authority to do which of the following during the economic crisis of 2008?
What will be an ideal response?
Pay interest to commercial banks on their reserves
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GDP is supposed to measure the goods ________ the United States
A) purchased in B) produced in C) exported to D) imported to
Refer to Figure 9-1. Suppose the government allows imports of leather footwear into the United States. What will the market price be?
A) $10 B) $18 C) $24 D) >$24
A jobless recovery occurs when
A) no jobs are created in an economy after a recession ends. B) employment continues to fall at the beginning of a recovery. C) only low-quality jobs are created in a recovery. D) most of the new jobs created in a recovery are overseas.
Which one of the following industries is best classified as an oligopoly?
A) textbook publishers B) retailing C) wheat farms in the United States D) fast food restaurants