Immediately after being collected, taxes are deposited in
A) tax and loan accounts.
B) the Federal Reserve Bank of New York.
C) Federal Reserve district banks around the country.
D) the Congressional Vault.
A
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Elasticity along a demand curve:
A. is constant if the demand curve is linear. B. changes only when the demand curve is bowed out. C. changes when the demand curve is linear. D. changes only when the demand curve is bowed in.
When the price level falls, the level of planned expenditures ______.
a. rises b. falls c. remains constant d. varies because of other factors
The main goal of antitrust policy is to
A) encourage firms to produce at the MR = demand level. B) regulate natural monopolies. C) prevent the monopolization of industries. D) prevent the nationalization of industries.
The largest asset of the Fed from those on this list is
A. currency outstanding. B. loans to depository institutions. C. U.S. Treasury securities. D. mortgage-backed securities.