Federal budget deficits became progressively smaller during the 1990s, and turned into a surplus by 1998
Indicate whether the statement is true or false
true
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A monopsony is a:
a. large number of buyers. b. large seller. c. single seller. d. single buyer.
An increase in the average price level in a country will cause its domestic currency to depreciate
a. True b. False Indicate whether the statement is true or false
The 12 Federal Reserve Banks can best be characterized as:
A. central banks, banker's banks, and quasi-public banks. B. investment banks, banker's banks, and public banks. C. national banks, quasi-public banks, and investment banks. D. regional banks, public banks, and member banks.
Assume the demand curve for product X shifts to the right. This might be caused by:
A. a decline in income if X is an inferior good. B. a decline in the price of Z if X and Z are substitute goods. C. a change in consumer tastes that is unfavorable to X. D. an increase in the price of Y if X and Y are complementary goods.