The Federal Reserve System is divided into:
7 districts
12 districts
15 districts
5 districts
12 districts
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
When the Fed makes an open market purchase of government bonds, it does so with the intention of decreasing the money supply
Indicate whether the statement is true or false
Karl Marx was a supporter of:
(a) Capitalism. (b) Free markets. (c) A command or centralised economy. (d) None of the above.
Effective AIDS drugs did not exist in the early 1980s. When they became available, they were very expensive. When people use these facts to say that the price of AIDS drugs has increased, economists generally
A. agree. B. note that the drugs are not as effective as advertised. C. stay out of this discussion. D. suggest they are confusing price increases with quality increases.