With respect to controlling the money supply, the law requires the Fed to take orders from:
A. the President.
B. the Speaker of the House.
C. the Secretary of the Treasury.
D. no one?the Fed is an independent agency.
Answer: D
You might also like to view...
A change in the price of a good has no effect on the supply schedule.
Answer the following statement true (T) or false (F)
Today, few U.S.-based manufacturing firms make their products exclusively in the United States out of entirely U.S.-made parts
Indicate whether the statement is true or false
Suppose Lefty has utility characterized by the equation: U l = 3I 1/2 , where I is income. In addition, Righty has utility characterized by the equation: U r = 4I 1/2 , where I is income.
(A) If each had $100,000, which one would have the higher level of utility? (B) Illustrate Lefty's and Right's utility functions. (C) What equal amount of income could we give to both that would also give them the same level of utility?
Any price ______ will cause the firm to shut down production.
A. below the minimum of MC B. above the maximum of AC C. below the minimum of AC D. between MC and AC