Federal Reserve governors are given long terms to insulate them from politics
a. True
b. False
Indicate whether the statement is true or false
True
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A characteristic of a public good is that a public good is provided
A) to some businesses, but not to others. B) only in some states. C) to low income residents in some states. D) to many individuals at no additional cost.
Why are checking account balances included in the M1 definition of the money supply?
a. They are a traditional form of money that pre-dates paper money. b. They are used to make so many payments. c. They are backed by gold and silver. d. They pay interest.
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. The slope of the line between Points B and D is
A. -3. B. -0.33. C. 0.33. D. 3.
If competing price searchers adjust their own prices on the basis of a close monitoring of their rival's prices,
A) all prices will tend to be the same, which proves prices are not competitive. B) all prices will tend to be the same, which proves sellers are not competing on price. C) each price searcher's demand curve will be indeterminate. D) prices will fluctuate regularly. E) prices will rise when costs increase but will not fall when costs decrease.