How many Federal Reserve district banks are there in the United States?
A) 7 B) 5 C) 1 D) none of the above
D
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From 1970 to 2010, the real price of a college education increased, and total enrollment increased. Which of the following could have caused this increase in price and enrollment?
A) A shift to the right in the supply curve for college education and a shift to the left in the demand curve for college education. B) A shift to the left in the supply curve for college education and a shift to the right in the demand curve for college education. C) A shift to the left in the supply curve for college education and a shift to the left in the demand curve for college education. D) none of the above
An improvement in productivity will usually increase profits
a. True b. False Indicate whether the statement is true or false
If the economy is on the downward-sloping portion of the Laffer curve, a(an) __________ in tax rates will __________ tax revenues
A) decrease; reduce B) increase; raise C) decrease; raise D) decrease; not change E) increase; not change
What are the twin goals of the Federal Reserve Bank?
a) Low unemployment and zero inflation. b) No unemployment and stable prices. c) Low unemployment and stable prices. d) No unemployment and zero inflation.