What is typically not considered a characteristic of a central bank?
a. The bank backs its currency with gold or silver.
b. The bank has considerable control over the stock of money and uses this control to moderate fluctuations in credit conditions and prices.
c. The bank regulates other banks.
d. The bank lends a lot of money to the government.
e. The bank serves as a lender of last resort to other banks by lending them money when no one else will.
a. The bank backs its currency with gold or silver.
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Technological improvements in coal mining will
A) increase the price of coal. B) decrease the price of coal. C) increase the interest rate. D) decrease the interest rate.
The effectiveness of the Family Support Act of 1988 was enhanced by generous funding
Indicate whether the statement is true or false
Refer to the figure below. In this case, the private market ________ resources efficiently because ________.
A. does not allocate; some of the costs of paper production do not fall on producers B. does not allocate; demand and supply do not cross at the market equilibrium C. allocates; consumers are willing to pay the external cost of production D. allocates; firms are motivated to maximize profit
Which of the following does NOT cause a shift in demand?
A. change in tastes B. change in the price of a related good C. change in the price of the good D. change in income