Conducting the nation's monetary policy is the duty of the
A) Department of Commerce.
B) U.S. Treasury department.
C) Federal Reserve System.
D) Federation of Banks.
E) Federal Bank Supervisor.
C
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Refer to Scenario 11.1. Suppose all five ranchers know that their land that Mariana needs is worth a total of $2 million. If each rancher agrees to sell his or her parcel of land to Mariana for $600,000, the economic pie will
A) not grow. B) grow by $1 million. C) grow by $2 million. D) shrink by $ million.
Refer to Figure 11-3. Technological change is shown in the figure above by the movement from
A) B to E. B) B to A. C) B to C. D) B to D.
Commercial policy is government policy that influences:
a. the operation of commercial banks. b. domestic trade flows. c. domestic private corporations. d. international trade flows. e. the operation of capital markets.
If the labor supply curve faced by a firm shifts to the right, the marginal factor cost curve of labor must be
A) rising and below the supply curve. B) rising and above the supply curve. C) equal to the supply curve. D) horizontal.