A majority of the commercial banks in the United States are not members of the Fed
a. True
b. False
Indicate whether the statement is true or false
True
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
When a country both exports and imports a type of commodity, the country is engaged in
A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) an attempt to monopolize the relevant industry.
In which of these years was the U.S. poverty rate the highest?
A. 1960 B. 1970 C. 1980 D. 1990
A simultaneous game is one in which:
A. there is never a winner if players act rationally. B. players act together to achieve a common goal. C. players take turns making moves and/or decisions. D. players make their moves and/or decisions at the same time.