The Federal Reserve System consists of which of the following?
Federal Deposit Insurance Corporation and Controller of the Currency
U.S. Treasury Department and Bureau of Engraving and Printing
Federal Open Market Committee and Office of Thrift Supervision
Board of Governors and the 12 Federal Reserve Banks
Board of Governors and the 12 Federal Reserve Banks
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Dividing the nation's income among the factors of production, the largest percentage is paid to
A) labor B) land C) capital D) entrepreneurship E) labor and capital, with each receiving about 41 percent of the total income.
Big Alice Ice Cream Parlor reduced its price of an ice cream cone from $1 to 90 cents. Sales consequently increased from 1,000 cones per week to 1,050 . The approximate price elasticity is
a. 0.20. b. 0.46. c. 2.16. d. 5.00.
If the Fed purchases government securities from Bank A, __________ in the banking system __________ and the money supply __________
A) reserves; fall; falls B) reserves; rise; falls C) reserves; rise; rises D) excess reserves; fall; rises E) excess reserves; rise; falls
Recall the Application about the demand and price for margarine to answer the following question(s).Recall the Application. The reason that the change in demand for margarine did not change the equilibrium price in the long run is because the margarine industry is an example of ________ industry.
A. a decreasing-cost B. an increasing-cost C. a constant-cost D. a negative-cost