The largest of the regional Federal Reserve Banks is located in:
A. Kansas City.
B. New York City.
C. San Francisco since it serves almost one-third of the country.
D. Washington D.C.
Answer: B
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If the cross elasticity of demand between goods A and B is positive
A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes.
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What will be an ideal response?
The question below are based on the following four sets of data-pairs: (1) A and B, (2) C and D, (3) E and F, and (4) G and H. In each set, the independent variable is in the left column and the dependent variable is in the right column
The linear equation for the relationship in data set 1 above is:
A. B = 6A
B. B = 6 + 7A
C. B = 6 - 7A
D. B = 6 - .14A
When the price level is below the level at which the aggregate demand curve crosses the long run aggregate supply curve
A. actual real GDP would be less than total planned real expenditures, and the price level will rise. B. there will be pressures that will lead to a shift of either the aggregate demand or the long run aggregate supply curves. C. actual real GDP would exceed total planned real expenditures, and the price level will fall. D. there will be no price level change.