The Federal Reserve System is divided into
a. 2 districts
b. 12 districts
c. 4 districts
d. 50 districts
e. 10 districts
B
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When a commercial bank lends $1000 to a customer
A) M1 and M2 decline by $1000. B) M1 and M2 rise by $1000. C) M1 rises but M2 does not change. D) there is no change in M1 or M2 until the loan proceeds are spent.
Suppose a monopolist's demand curve is P = 60 - Q, and its cost function is C = 10Q + 50 so its marginal cost is 10
If a governmental agency wished to set the price so that it created the smallest deadweight loss without causing the monopolist to have negative economic profits (thus shutting down), that price would be A) $10.00. B) $11.02. C) $14.57. D) $35.00.
The Keynesian perspective places more emphasis on
a. supply. b. demand. c. aggregate supply. d. aggregate demand.
You are better off choosing $400 in 4 years rather than $300 today if the interest rate is
a. lower than about 5.5 percent. b. higher than about 5.5 percent. c. lower than about 7.5 percent. d. higher than about 7.5 percent.