Why did it take almost 150 years before the U.S. had a permanent central bank?
What will be an ideal response?
Many Americans in the 19th century had a fear of a strong centralized government. Considering the modes and cost of transportation at that time, most people never ventured beyond their local towns or states. As a result there was a strong desire to keep federal government and the centralization of power to a minimum and it was mainly due to the frequent and devastating bank panics that the Federal Reserve was finally created.
You might also like to view...
The productive resource that organizes labor, land, and capital is
A) capital. B) financial capital. C) human capital. D) government. E) entrepreneurshi
In a natural monopoly, the long-run average cost curve declines and therefore average cost is lower when there is only one seller
a. True b. False Indicate whether the statement is true or false
Over the next few years the number of buyers in the market for sport utility vehicles decreases sharply. As a result, Question 4 options:
A. there is a movement downward along the demand curve for sport utility vehicles. B. the demand curve for sport utility vehicles shifts leftward. C. the demand curve for sport utility vehicles shifts rightward. D. there is neither a shift nor a movement along the demand curve for sport utility vehicles.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30