The Federal Reserve Act establishing the Federal Reserve System was passed by Congress in
A. 1788.
B. 1913.
C. 1863.
D. 1934.
Answer: B
Economics
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In the above figure, the amount of tax revenue is
A) $2,000. B) $4,000. C) $6,000. D) $8,000.
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The CPI bias arises from all of the following items except ________
A. the introduction of new goods and services B. the improved quality of goods C. the goods and services bought by poor people D. consumers' responses to price changes
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Game theory would classify a cartel under the topic of
A) zero-sum games. B) cooperative games. C) noncooperative games. D) dominant-strategy games.
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According to classical economists, if interest rates are flexible,
A) saving will equal investment. B) saving may be greater than investment. C) saving may be less than investment. D) any of the above
Economics