What does the Fed do?
1. Controlling the Money Supply
2. Clearing Checks
3. Supervising and Regulating Banks
4. Maintaining and Circulating Currency
5. Protecting Consumers
6. Maintaining Federal Government Checking Accounts and Gold
7. Lender of Last Resort
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When marginal utility is negative, total utility is
A. rising. B. falling. C. zero. D. negative.
The nominal rate of interest is
A) the rate observed in the market that includes an inflation premium. B) not the rate observed in the market. C) not adjusted for inflation. D) expressed in dollars from the chosen base year.
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison is regulated to act as a perfectly competitive firm (instead of the monopoly level),
A. the net social gain to society equals ACF. B. output would increase from 500 to 600 units. C. the firm will earn profits of BEC. D. consumer surplus would increase by the area FGBC.
The tendency for the values of two variables to move in a predictable and related way is known as
A) a natural experiment. B) a normative relationshi