While the discount rate is "established" by the regional Federal Reserve Banks, in truth, the rate is determined by
A) Congress.
B) the president of the United States.
C) the Senate.
D) the Board of Governors.
D
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Infant mortality rates in developing countries:
A. are substantially lower than in developed countries. B. cannot be computed because the data are not available. C. are substantially higher than in developed countries. D. are about the same as in developed countries.
If the price of tables sold by All-Oak Table Co. increases from $400 to $500, then the:
A. demand for labor by All-Oak Table Co. decreases. B. demand for labor by All-Oak Table Co. increases. C. supply of labor to All-Oak Table Co. increases. D. supply of labor to All-Oak Table Co. decreases.
If the debt of the federal government decreases by $20 billion in one year the budget:
A. deficit in that year must be $20 billion. B. surplus in that year increases by $20 billion. C. deficit in that year decreases by $20 billion. D. surplus in that year must be $20 billion.
The distinction between consumption and investment is:
A. somewhat arbitrary, since investment includes housing investment, which does not increase future productive capacity. B. that only households consume and only businesses invest. C. that investment always increases future productive capacity, while consumption does not. D. arbitrary, since the same expenditure may be counted as a consumption item in one year and an investment in another.