The purpose of establishing the Federal Reserve System was
A. to regulate commercial banking.
B. to provide for a more elastic currency.
C. to increase the confidence in the nation's banks.
D. All of the choices are correct.
D. All of the choices are correct.
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A "great merger movement," whereby firms combined with former rivals to become large firms, began in the 1890s. Who was the first President to look to bigger government as a way to cope with the economic power of these concentrated industries?
(a) Woodrow Wilson (b) Herbert Hoover (c) Theodore Roosevelt (d) Franklin Roosevelt
Real investment spending for the past 35 years is less volatile than real personal consumption
a. True b. False Indicate whether the statement is true or false
The export supply curve shows a country's:
a. domestic surplus at various prices below the "no-trade" equilibrium price. b. domestic shortage at various prices below the "no-trade" equilibrium price. c. domestic supply at the "no-trade" equilibrium price. d. domestic surplus at various prices above the "no-trade" equilibrium price. e. domestic shortage at various prices above the "no-trade" equilibrium price.
A community college charges lower tuition fees to town residents than to nonresidents. This pricing strategy increases the profits of the community college. Using this information, we can conclude that nonresidents must have a _____ demand for attending the community college than residents.
a. less price-elastic b. greater c. more price-elastic d. lower