The Federal Reserve System was established in which year?
A. 1913
B. 1929
C. 1865
D. 1965
Answer: A
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The governor has proposed to clean up all trash on the side of the highway. The project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in $18,000 of revenue from the highway being cleaned. Should the governor continue with the project?
A. Yes, the tax payers wanted the highway cleaned up. B. Yes, the project will bring in $3,000 more in MB than MC. C. No, the benefit from the project will only be $3000. D. No, the project will not bring in enough benefit to cover the costs.
Suppose that an economy grows by 4 percent, total factor productivity grows by 3 percent, and the labor force increases by 6 percent. If labor and capital are the only inputs and labor contributes 40 percent to GDP, then the stock of capital must have _____
a. fallen by 5% b. fallen by 3.33% c. fallen by 2.33% d. risen by 3% e. risen by 1.8%
A policy that results in slow and steady growth of the money supply is an example of
a. an "easy" monetary policy. b. a "passive" monetary policy. c. a "practical" monetary policy. d. an "active" monetary policy.
The driving force in the balance-sheet channel of monetary policy mechanism is which of the following?
A. Bank net worth B. Timing C. Information D. Asset diversity