The Federal Reserve has ________ responsibility for supervising financial institutions.
a. some
b. no
c. full
d. exclusive
a. some
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? Assume that Figure 4-4 shows demand for MP3 players. An increase in the price of music downloads changes demand from
A. D1to D2. B. D2to D1. C. D2to D3. D. D1to D3.
Aggregate expenditures include all of the following EXCEPT
A) consumption of food. B) purchases of intermediate goods. C) purchases of a piece of capital equipment. D) purchases of guns by the government.
Throughout U.S. history, which of the following sources provided the bulk of funds for railroad construction?
a. the federal government b. state governments c. local governments d. private investors
Refer to the graphs above. Which of the following best represents negative demand shock when prices are inflexible?
A.
The shift from D2 to D3 in graph B
B.
The shift from D2 to D3 in graph A
C.
The shift from D2 to D1 in graph B
D.
The shift from D2 to D1 in graph A