Which role of the Federal Reserve was expanded directly as a result of the PDCF and TSLF?
A. Supervising banks.
B. Lender of last resort.
C. Fiscal agent for the federal government.
D. Issuing currency.
B. Lender of last resort.
You might also like to view...
Along a straight-line production possibilities curve:
a. the opportunity cost of production of a good is zero b. the opportunity cost of production of a good falls as its output increases. c. the opportunity cost of production of a good rises as its output increases. d. the opportunity cost of production of a good is constant.
Which of the following is NOT an important determinant of collusion in pricing games?
A. The number of firms B. All the statements associated with this question are important. C. The importance and magnitude of the item in a consumers' budget D. History
Briefly explain the shape of the per-worker production curve in the Solow model. If investment per worker initially exceeds saving per worker, how is the steady-state capital—labor ratio achieved?
What will be an ideal response?
Elsie owns a dairy farm and Elmer is a baker. If Elsie trades butter and milk for some of Elmer's pies than: a. Elsie is the only one that gains from the trade
b. Elmer is the only one that gains from the trade. c. Elsie and Elmer are both made better off by the trade. d. Both Elmer and Elsie are made worse off by the trade.