Which is not true of the Fed?
A. US central bank
B. twin mandates of max employment and price stability
C. OMO is its central tool
D. totally centralized in DC
E. responsible for monetary policy, bank regulation, and financial system stability
Ans: D. totally centralized in DC
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The main goal of the Clayton Act was to
A. make restraint of trade illegal. B. limit mergers and price-fixing contracts. C. limit competition among small firms. D. make deceptive practices illegal.
If a nation's budget deficit rises, domestic private investment can remain unchanged through some combination of ________ private saving and ________ importing relative to exporting
A) increased, less B) increased, more C) decreased, less D) decreased, more
Price ceilings are only effective when they are placed below the market equilibrium price
Indicate whether the statement is true or false
If you were in the middle of the desert, came upon a lemonade stand, and paid $20 for a glass of lemonade,
A. you would definitely be overpaying. B. you would have gotten at least $20 of utility from the lemonade. C. there is no way to determine whether or not you overpaid.