The Federal Reserve pursued an expansionary monetary policy during 1964 in order to
A) pull the United States out of a deep recession.
B) counteract the effects of a deep cut in federal income taxes.
C) keep interest rates from rising.
D) bring down the inflation rate.
C
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If a firm can segment its market, and the parts cannot communicate among themselves, then
A) arbitrage can occur. B) prices in the segments will tend to be equal over time. C) arbitrage cannot occur. D) the different elasticities will be equal over time.
Which of the following entities often impose price controls?
a. non-profit organizations b. private agencies c. governments d. businesses
Refer to the graph shown. What distance represents average profits?
A. BF B. AB C. FW D. AF
Considering the balance sheet for all commercial banks in the U.S., the largest category of assets is:
A. required reserves. B. cash items. C. U.S. Government Securities. D. loans.