The Federal Reserve Banking Act of 1978
a. attempted to guarantee stability of the banking system
b. was a reaction to the savings and loan crisis
c. added full employment to the list of objectives for the Fed
d. strengthened deposit insurance programs
e. pledged the Fed to keep the inflation rate low
C
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Both first-degree price discrimination and optimal two-part tariff pricing maximize economic surplus
Indicate whether the statement is true or false
If stock prices are expected to climb next year, everything else held constant, the ________ curve for bonds shifts ________ and the interest rate ________
A) demand; left; rises B) demand; right; rises C) demand; left; falls D) supply; left; rises
Eliminating important details in economic analysis is necessary to understand the complexity of the economy.
Answer the following statement true (T) or false (F)
Answer the following questions true (T) or false (F)
1. On average, people in the United States spend a smaller percentage of their income on health care than do people in most other countries. 2. The United Kingdom has a health care system under which the government owns most of the hospitals and employs most of the doctors. 3. Japan has a single-payer health care system in which the government provides national health insurance to all Japanese residents.