The Pension Benefit Guarantee Corporation performs a role similar to that of
A) the Federal Reserve System.
B) the Comptroller of the Currency.
C) the FDIC.
D) the Office of Thrift Supervision.
C
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Along the long-run Phillips curve, the unemployment rate ________, and the inflation rate ________
A) can be any value; is equal to the natural inflation rate B) is equal to the natural unemployment rate; is equal to the natural inflation rate C) is equal to the natural unemployment rate; can be any value D) can be any value; can be any value E) None of the above answers is correct.
If I use 1,000 gallons of water a month at a price of $.01 a gallon, is my consumer’s surplus likely to be large or small? Explain.
What will be an ideal response?
The Federal Reserve float is
A) items in process of collection - deferred credit items. B) items in process of collection + deferred credit items. C) deferred credit items - items in process of collection. D) deferred credit items + items in process of collection.
Oil refiners often store some of their spring supply of gasoline because gasoline prices typically ______.
a. decline during the summer b. peak during the summer c. peak during the fall d. decline during the fall