Regulating the amount of money in the United States is one of the most important responsibilities of the
A) State Department.
B) state governments.
C) Treasury Department.
D) Federal Reserve.
E) U.S. Mint.
D
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The aggregate expenditure model focuses on the ________ relationship between real spending and ________.
a. short-run; real GDP b. short-run; inflation c. long-run; real GDP d. long-run; inflation
Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. producers can make 50 units of beef or 200 units of oranges per time period. Which country faces the lowest opportunity cost of producing beef?
A) The U.S. B) Canada C) Both countries D) Neither country
When a recession ends, the turning point that immediately follows is called a
A) trough. B) peak. C) depression. D) None of the above answers is correct.
A commercial bank is a financial institution that:
A. determines the value of currency. B. prints and distributes currency. C. holds the savings of individuals for a fee until they need them. D. borrows from and lends to individuals and businesses.