The group that is comprised of five presidents of Fed regional banks and seven Fed governors that gathers around a table to discuss whether to increase interest rates is the:
A. Federal Advisory Council.
B. Federal Depository Insurance Corporation.
C. Federal Open Market Committee.
D. National Federal Reserve Bank.
Answer: C
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A decrease in the discount rate will
A) have an unclear effect on the money supply. B) decrease the money supply. C) increase the money supply. D) not affect the money supply.
What is the ceteris paribus condition?
What will be an ideal response?
Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table. Each cup of coffee sells for $2.00.Number ofworkersCoffee(cups/hour)00125245360470575 The most the coffee shop would be willing pay the third worker is ________ per hour.
A. $60.00 B. $45.00 C. $15.00 D. $22.50
The legislation which made it illegal to monopolize a market was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.