A Federal Reserve Bank is located in which of the following cities?
A) St. Louis, Missouri
B) Richmond, Virginia
C) Atlanta, Georgia
D) San Francisco, California
E) all of the above
E
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Why might a developing country choose to peg the value of its currency to the dollar?
What will be an ideal response?
A sudden technological breakthrough in an economy would:
a. have no impact on real GDP. b. cause aggregate demand to fall. c. lower the natural rate of unemployment. d. increase the price level. e. cause aggregate supply to rise.
If the legal reserve requirement decreases, the
a. money multiplier increases b. money multiplier decreases c. amount of excess reserves the bank has decreases d. money multiplier stays the same e. amount of excess reserves stays the same
What's the most common way for a central bank to increase the money supply?
A. Sell bonds to the public B. Buy bonds from the public C. Collect higher taxes D. Buy bonds from the government