The silly clothes worn by a circus clown are an example of:
a. a natural resource. b. capital goods.
c. labor. d. entrepreneurship.
b
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The Depository Institutions Deregulation and Monetary Control Act of 1980 did not
a. require all commercial banks to join the Federal Reserve System. b. expand the use of Fed services to nonmember banks. c. increase FDIC and FSLIC insurance coverage. d. expand the availability of checking accounts.
The difference between economists speaking as scientists or policy advisers boil down to the difference between
a. assumptions and theories. b. true statements and false statements. c. specific statements and general statements. d. positive statements and normative statements.
If the Fed decides to maintain a fixed euro/dollar exchange rate when they sell euros:
A. there will be pressure on domestic interest rates to increase. B. the domestic money supply will increase. C. they will have to impose capital controls. D. this will increase banking system reserves.
Superhighways, public housing facilities, and defense projects are all ways that the President can:
A. close a recessionary gap B. close an inflationary gap C. combat inflation D. raise unemployment