Which is a function of modern central banks?
A. To control securities markets
B. To control the government's budget
C. To manage fiscal policy
D. To control the availability of money and credit
Answer: D
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Describe the four functions of money. Must all money fulfill all four functions?
What will be an ideal response?
One potential weakness of the coordination failure model as an explanation of business cycles is that
A) evidence supporting intertemporal substitution as an important determinant of labor supply is weak. B) evidence supporting the existence of increasing returns at the aggregate level is weak. C) it fails to explain several of the key business cycle regularities. D) it requires that consumers not behave in a rational manner.
Which of the following refers to laws or policies that require employers to reach out to a broader range of minority job candidates?
a. Affirmative action b. Reverse discrimination c. Multiculturalism d. Diversity training
Approximately how often does the Federal Open Market Committee meet?