The Federal Reserve was created in
A. 1893.
B. 1913.
C. 1921.
D. 1933.
Answer: B
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Recall the Application about how cable TV providers respond to the threat of potential competitors to answer the following question(s).Recall the Application. In an effort to deter entry into its markets, cable TV providers engage in:
A. limit pricing. B. marginal cost pricing. C. grim-trigger strategies. D. tit-for-tat strategies.
Suppose that there are two firms, each generating three tons of SO2. Suppose also that the government has set a target abatement level of two tons. Under a policy of uniform abatement with permits, each firm would receive:
A. two non-transferable pollution permits. B. two pollution permits which they could sell to each other. C. one pollution permit with a value equal to that firm's cost of abating one ton of SO2. D. one pollution permit with a value equal to the market price for a pollution permit.
The labor force is the
A) total population divided by the number of employed people. B) number of employed people plus the number of unemployed people. C) working-age population minus the number of unemployed people. D) number of employed people minus the number of unemployed people. E) number of employed people in the working-age population.
For an economy in equilibrium, the Keynesian model suggests that the plot of aggregate expenditure against RGDP: a. is a vertical line
b. has slope lesser than 1. c. has slope equal to 1. d. is a horizontal line.