The Depository Institutions Deregulation and Monetary Control Act of 1980
A. made the Federal Reserve's job of managing the money supply a lot easier.
B. made the Federal Reserve's job of managing the money supply a lot harder.
C. had no effect upon the Federal Reserve's job of managing the money supply.
A. made the Federal Reserve's job of managing the money supply a lot easier.
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Goods and services that are used up in the production of other goods and services are called ________ goods and services.
A. final B. nominal C. value added D. intermediate
If only one firm operates in a market, and a potential entrant is blockaded from entering the market, then the incumbent firm must
A) have acted to prevent entry. B) be pricing where price equals marginal cost. C) be a natural monopoly. D) be the Stackelberg leader.
A firm estimates that when output is 10, its total costs are $900 . It also finds that when output is 11, its total costs are $920 . The marginal cost of the eleventh unit of output is:
a. $1. b. $20. c. $90. d. $900. e. $920.
If there are powerful buyers in a labor market, the use of the supply-and-demand model to analyze labor markets
A. will cause you to believe the wage will be lower than it is. B. is completely accurate. C. will cause you to believe the wage will be higher than it is. D. will cause you to believe that fewer people will be hired than will be.