One of the main roles of a central bank is:
A. managing the nation's money demand.
B. coordinating the banking system to ensure a sound economy.
C. accepting deposits from households and other private individuals.
D. funding federal government spending.
B. coordinating the banking system to ensure a sound economy.
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George believes that the inflation in this year will be around 9% because it was around 9% in the previous year. George can be said to have:
A) rational expectations. B) marginal expectations. C) adaptive expectations. D) composite expectations.
Use the above table. The data shows that the firm
A) is hiring in a perfectly competitive labor market. B) is selling its output in a perfectly competitive market. C) is a monopsonist. D) is selling its output in an imperfectly competitive market.
A firm might offer efficiency wages in order to reduce shirking
a. True b. False Indicate whether the statement is true or false
The U.S. was the world's leading net creditor nation until
A. 1971. B. 1973. C. 1982. D. 1990.