By the first years of the 21st century, the rate of inflation in the United States had fallen to between ________ percent
A) 1 and 2 B) 4 and 5 C) 5 and 6 D) 8 and 10
A
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A monetary policy target is a variable that the Fed can affect directly, which then affects one or more of the Fed's policy goals
Indicate whether the statement is true or false
If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 15 percent, then the bank has actual reserves of
A) $17,000. B) $22,000. C) $27,000. D) $29,000.
During the first phase of regulation in the United States (from 1887 to the Great Depression), the primary target of regulation was the:
A. labor unions. B. communication industry. C. food and drug industries. D. railroads.
Refer to the graph shown. The economy begins at a level of output of $50 billion and experiences a one year recession in which output declines by 3 percent. What is output in year 1?
A. $51.5 billion B. $48.5 million C. $15 billion D. $1.50 billion