Which of the following is concerned with social regulation?
A. Federal Reserve Board
B. Food and Drug Administration
C. Sherman Commission
D. Better Business Bureau
Answer: B
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What actions should the Fed take if it believes the economy is about to fall into recession?
What will be an ideal response?
Which of the following is the most liquid asset?
A) season tickets to the Yankees' games B) the cash that your Aunt Ursula stuffs in her mattress C) a $5,000 6-month certificate of deposit (time deposit) D) one hundred shares of IBM stock
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Refer to the figure above. A tariff of ________ would be purely protective
A) $0 B) $5 C) $8 D) $10