Which of the following serves as the central bank for the United States?
A) the Federal Deposit Insurance Corporation
B) the U.S. Treasury Department
C) the Federal Reserve System
D) the World Bank
C
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If it costs Vijay $150 to design 5 Web sites and $175 to design 6 Web sites, then $175 is the marginal cost of producing the 6th Web site
Indicate whether the statement is true or false
The leader in a Stackelberg oligopoly with a linear demand and marginal cost produces ________ than the follower second firm, charges ________ price, and earns ________ than the follower in economic profit.
A) more; the same; more B) more; a higher; less C) less; the same; more D) more; a higher; more
As the price level increases, the amount of goods and services that consumers, businesses, and governments desire to purchase will change. This is depicted by: a. a leftward movement of the aggregate demand curve
b. a rightward movement of the aggregate demand curve. c. an upward movement along the aggregate demand curve. d. a downward movement along the aggregate demand curve. e. an increase in the slope of the aggregate demand curve.
The Fed uses the federal funds rate to pursue its twin goals of: a. exchange rate stability and maximum GDP
b. interest rate stability and maximum GDP. c. deflation and maximum GDP. d. price stability and maximum employment. e. interest rate stability and maximum employment.