In the U.S. economy, the money supply is controlled by the:
A. U.S. Treasury.
B. Federal Reserve System.
C. Senate Committee on Banking and Finance.
D. Congress.
B. Federal Reserve System.
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Refer to the Article Summary. If, after the outflow of educated workers in Mexico, it now takes more capital per hour worked to get the same amount of GDP per hour worked, this indicates ________ the per-worker production function in Mexico
A) a movement up B) a movement down C) a downward shift of D) an upward shift of
If Capital Appliances advertises a 60 day low-price guarantee that will refund any of its customers the difference between the price they paid for an appliance and a lower price offered by Capital Appliances for the same appliance, this is an example of ________.
A) price visibility B) a most-favored-customer clause C) a meet-or-release clause D) a meet-the-competition clause
Resource owners supply resources in ways that
a. maximize their utility b. maximize their income c. minimize the amount of work d. maximize the amount of work e. maximize the demand for their resource
A surplus in a country's trade balance means that:
a. its net exports exceed transfer payments. b. the country's currency is over-valued. c. the value of its net exports is positive. d. imports into the country exceed exports. e. domestic savings exceeds domestic investment.