The services the Federal Reserve provides to foreign central banks and other international organizations are handled:
A. only by the Reserve Bank in New York.
B. directly by the Board of Governors in Washington D.C.
C. by all of the Reserve Banks.
D. only by the Reserve Bank in San Francisco.
Answer: A
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What factor changes the quantity of real GDP supplied and results in a movement along the AS curve?
What will be an ideal response?
Which of the following assumptions indicates that there is no trade-off between inflation and unemployment?
A) A vertical aggregate demand curve B) A vertical Phillips Curve C) Constant velocity D) Constant money supply growth rate
A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. This is an example of
A) cyclical unemployment. B) frictional unemployment. C) seasonal unemployment. D) structural unemployment.
When the Fed buys Treasury securities
A) the budget deficit declines. B) the money supply decreases. C) the money supply increases. D) profits are maximized.