The central bank for the United States is
A. First National Bank of America.
B. the Federal Reserve System.
C. the U.S. Treasury.
D. American Bank.
Answer: B
You might also like to view...
For the Jones household it has been estimated that for every ten degrees increase in the outdoor temperature the consumption of ice tea increases by 5 glasses
What type of relationship exists between temperature change and the consumption of ice tea? A) negative relationship B) positive relationship C) no relationship D) maximum relationship
The rational expectations theory indicates that expansionary policy will:
a. stimulate real output in the long run but not in the short run. b. expand real output and employment if the public quickly anticipates the effects of the expansionary policy. c. equalize real and nominal interest rates during lengthy periods of inflation. d. fail to increase employment because individuals will anticipate it and take actions that will offset its impact.
The structural deficit is equal to expenditures
a. plus transfers less taxes for the fiscal year in government statistics. b. less taxes at some hypothetical high employment level. c. plus transfers less taxes at some hypothetical high employment level. d. less transfers for the fiscal year in government statistics.
Inflation targeting does all of the following except:
A. communicate policymakers' objectives clearly and openly. B. increase policymakers' accountability. C. increase policymakers' credibility. D. hinder economic growth.