Under Temporary Aid to Needy Families (TANF), a recipient loses their cash benefits when they get a job.
Answer the following statement true (T) or false (F)
False
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The lending ability of commercial banks increases when the ________.
A. discount rate is raised B. Fed buys securities in the open market C. Treasury collects tax revenues D. reserve requirement is raised
In the short run, a firm can minimize its total costs of production by operating at the minimum of its average total cost curve
Indicate whether the statement is true or false
If you look at a graph depicting fluctuations in the U.S. economy (a record of its sequential business cycles), many of its peaks or prosperity phases seem to be associated with
a. economic, social, and political stability as well as peace b. low unemployment and low prices c. high unemployment and low prices d. periods of military engagement e. less government involvement in the economy
There are how many members of the Federal Open Market Committee?
A) 15 B) 14 C) 12 D) 7 E) 5