The nation is divided into ________ Federal Reserve districts, each having a Federal Reserve Bank
A) 10
B) 50
C) 12
D) 7
C
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Why is the equilibrium price the best deal available for both buyers and sellers?
What will be an ideal response?
Refer to Table 21-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
During World War I (1914–18), the government did not have to rely on which one of the following reallocation devices?
(a) Inflation (b) Taxes (c) Borrowing (d) Rationing
Which of the following might explain a decrease in national saving when the tax rate on savings is reduced?
a. its income effect on saving and its effect on the government budget b. its income effect on saving but not its effect on the government budget c. its effect on the government budget but not its income effect on saving d. neither its income effect on saving nor its effect on the government budget