Which of the following is NOT a function of the Federal Reserve System?
A) providing for check collection and clearing
B) holding deposits of member banks
C) supervising member banks
D) making loans to college students
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If two goods are complements, then their
A) indifference curves are positively sloped straight lines. B) indifference curves are negatively sloped straight lines. C) indifference curves are L-shaped. D) marginal rate of substitution is infinity.
Mortgages issued to individuals with low incomes and poor credit history are called
A) credit mortgages. B) teaser mortgages. C) subprime mortgages. D) income mortgages.
The natural rate of unemployment never changes
a. True b. False
A _________ tax is one where those with higher incomes pay a higher share of taxes out of their income than those with lower incomes.
a. flat b. progressive c. proportional d. regressive