Since 1980, ________ are subject to reserve requirements
A) only commercial banks
B) only the member institutions of the Federal Reserve
C) only nationally chartered depository institutions
D) all depository institutions
D
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Once the Phillips curve has shifted up, the economy is ________ because ________
A) better off; every unemployment rate becomes associated with a higher inflation rate B) better off; every inflation rate becomes associated with a lower unemployment rate C) worse off; every inflation rate becomes associated with a higher unemployment rate D) worse off; every unemployment rate becomes associated with a lower inflation rate
Which of the following is not a seriously proposed way to solve the problems of funding Social Security?
a. increase Social Security taxes b. reduce future benefits c. increase the number of years of earnings used to determine benefits d. create a Social Security national lottery e. change the law to allow the Social Security system to invest some of the trust funds in the private sector
Do economists believe that labor unions are good or bad for the U.S. economy?
Scientists are interested in finding out when their theories are wrong, as well as when their theories are right
Indicate whether the statement is true or false