Which of the following cities does NOT contain a Federal Reserve bank?
A) Cleveland
B) Dallas
C) Los Angeles
D) Boston
C
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Crowding-out occurs when
A. workers lose jobs as a result of anti-inflationary fiscal policies. B. the federal government engages in bond sales to finance its budget deficit. C. the Congress enacts budget cuts to balance the budget. D. tax revenues rise more slowly than anticipated, resulting in the need to cut government spending.
The 1973-1975 recession was caused by
A. the Fed's tight monetary policy. B. business pessimism about investment caused by high tax rates on capital. C. the quadrupling of oil prices by OPEC. D. the Fed's easy monetary policy.
If the personal savings rate rose to 10%
A. our current account deficit would probably fall. B. our current account deficit would probably rise. C. our current account deficit would be unaffected.
Globalization has helped to significantly decrease income inequality in the United States
Indicate whether the statement is true or false