As a "central bank," which of the following is true regarding the Fed?
What will be an ideal response?
The Fed is a public authority that regulates the nation's banks.
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Why must the M2 measure of the money supply always be larger than the M1 measure?
What will be an ideal response?
When a worker has a rare skill or talent, supply in that labor market:
A. depends on the output produced. B. is low. C. depends on the other factors of production. D. is high.
Which of the following factors might make capital mobility less than perfect?
a. Risks due to exchange rate changes b. Differential risk on the assets of different countries c. Technological progress, which improves the quality of information on foreign assets d. both a and b. e. All of the above
Promotion is one dimension to competition. It represents
a. The designing of a firm's product b. Firm's product distribution decisions c. Any expenditure that assist in increasing the demand for a firm's product d. None of the above