What makes the Federal Reserve so unique compared to other central banks around the world is its
A) centralized structure.
B) decentralized structure.
C) regulatory functions.
D) monetary policy functions.
B
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If as output increases average product increases, then ________
A) average total cost decreases B) average fixed cost decreases C) marginal cost decreases D) average variable cost decreases
Refer to Figure 10-3. Best friends Laurel and Hardy, both enjoy watching romantic comedies and science fiction movies. Based on the diagrams above what can you conclude about their movie preferences?
A) They have identical movie preferences. B) The diagrams do not provide any information about relative preferences. C) Laurel enjoys science fiction movies more than Hardy. D) Laurel enjoys romantic comedies more than Hardy.
The excess supply created when governments impose a price floor is:
A. shrinking as the floor rises. B. the difference between the old quantity supplied and new quantity demanded. C. the difference between the new quantity supplied and the old quantity demanded. D. the difference between the new quantity supplied and the new quantity demanded.
Bee's assembly line job has been replaced by robots, and Bee lacks abilities and skills required to attain other jobs. She is considered
A. a discouraged worker. B. frictionally unemployed. C. seasonally unemployed. D. structurally unemployed.