What are the three branches that make up the Federal Reserve System?
What will be an ideal response?
The Three branches of the Federal Reserve System are the Board of Governors of the Fed, the twelve regional Federal Reserve Banks, and the Federal Open Market Committee.
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If the price of a good increases, the quantity supplied will
A. increase. B. decrease. C. not change. D. quantity supplied is unchanged, but the supply will increase.
The size of the expenditure multiplier is influenced by
i. the marginal propensity to consume. ii. autonomous spending. iii. the marginal tax rate. A) i only B) ii only C) iii only D) i and iii E) ii and iii
The supply curve will shift to the left when
A) the supply of the product increases. B) the demand for the product decreases. C) some producers leave the industry. D) the product becomes fashionable.
List and discuss three problems that might arise when using the Coase theorem.
What will be an ideal response?