Central planning is a key characteristic of which economic system?
A. price system
B. command and control
C. mixed economic system
D. free market
Answer: B
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Microprudential supervision focuses on the safety and soundness of
A) individual financial institutions. B) the financial system as a whole. C) the shadow banking system. D) government credit agencies.
By the end of the colonial period in U.S. history, slaves in the colonies
(a) owned land communally. (b) had status in courts. (c) helped meet a labor need. (d) were born in Europe and shipped to the colonies.
An industry in which an increase in industry output is accompanied by an increase in long-run per-unit costs is a(n)
A) increasing-cost industry. B) constant-cost industry. C) break-even cost industry. D) decreasing-cost industry.
Suppose the Fed permanently increases the money supply by a given amount. Which of the following is most likely to occur in the long run as a result of this monetary policy action?
A. a reduction in the real interest rate B. an increase in employment C. a decrease in unemployment D. none of these