Which of the following is an accurate statement regarding the evolution of the Federal Reserve System?
A) The independence of the Federal Reserve has been systematically eroded by legislation.
B) The Federal Reserve has shifted from an agency controlled by the states to a federally controlled agency.
C) The Federal Reserve has shifted from a fiscal policy agency to a monetary policy agency.
D) The Federal Reserve has shifted from a regional service agency to a national policy-making institution.
D
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"Education in elementary and high schools has external benefits because families who have a lot of children do not pay any more than families without children." Is this statement correct or incorrect? Explain your answer
What will be an ideal response?
If an industry lacks barriers to entry and each of the many firm faces a demand curve with a negative slope, the industry is
A) perfectly competitive. B) monopolistically competitive. C) an oligopoly. D) a monopoly.
How much of a resource a firm will purchase depends on
A. the price of that resource. B. the productivity of that resource. C. the selling price of the final product that the resource helps to produce. D. All of the choices are correct.
In 2003, tax rates on dividends and capital gains were ________, making investment ________.
A. increased; more profitable B. increased; less profitable C. reduced; less profitable D. reduced; more profitable