The main function of the Federal Reserve System is to
A. clear checks from member banks.
B. set reserve requirements of banks.
C. control the money supply.
D. serve as the fiscal agent for the federal government.
Answer: C
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A $1.5 trillion increase in investment leads equilibrium expenditure to increase from $7.0 trillion to $10.5 trillion. In this case, the expenditure multiplier is
A) 7.00. B) 4.67. C) 2.33. D) 1.50. E) 10.5.
Japan exports more goods than any other country
Indicate whether the statement is true or false
During the decade of the 1980s, the size of the national debt of the United States was cut in half
Indicate whether the statement is true or false
How are the following three questions related: 1) Do all demand curves slope downward? 2) How do wages affect labor supply? 3) How do interest rates affect household saving?
a. They all relate to macroeconomics. b. They all relate to monetary economics. c. They all relate to the theory of consumer choice. d. They are not related to each other in any way.