In 2012, approximately what percent of the national debt was held by the Federal Reserve system?
a. 5 percent
b. 10 percent
c. 40 percent
d. 55 percent
B
You might also like to view...
In the four-quadrant diagram of the specific factors model, the graph in the upper right quadrant is a country's
A) production possibility frontier. B) labor allocation constraint. C) production function for food. D) production function for cloth. E) labor supply curve.
The theory of rational expectations states that
a. expected inflation will be no different from actual inflation, on average. b. expectations are based on all possible information. c. individuals always act optimally. d. expected inflation will be lower than actual inflation.
Direct regulation means that government sets specific limits on the use of scarce resources.
Answer the following statement true (T) or false (F)
A profit-maximizing monopolist will ________ where marginal revenue is equal to marginal cost.
A. minimize its average total cost B. produce output C. charge the selling price D. All of the above are correct.