Which of the following is responsible for controlling the money supply in the United States?
a. The U.S. Congress.
b. The Board of Governors of the Federal Reserve System.
c. The U.S. Treasury.
d. The Council of Economic Advisors.
b
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Albert Fishlow argued that if the railroads were built ahead of demand we would observe initial profit rates that were ______ and initial population densities near railroads that were _______
a. low; high. b. high; low. c. low; low. d. high; high.
If a bank has reserves of $100 million and demand deposits of $700 million, how much are the bank's (a) required reserves and (b) excess reserves?
What will be an ideal response?
How does the text distinguish between coercion and persuasion?
What will be an ideal response?
In which industry is monopolistic competition most likely to be found?
A. Retail trade B. Utilities C. Agriculture D. Automobiles