The Federal Reserve System
A. regulates not only banks but some of the other financial institutions.
B. is directly controlled by the President.
C. regulates all financial institutions in the United States.
D. controls the fiscal policy of the federal government.
A. regulates not only banks but some of the other financial institutions.
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Do macroeconomic issues concern the well-being of the typical individual member of an economy?
A) No, since we are focusing on the behavior of aggregate quantities. B) No, since most individuals have little contact with other economies in the world. C) Yes, since macroeconomic events have widespread effects on everyday lives. D) Yes, since macroeconomics focuses on the decisions constantly being made by the average individual.
During a particular year, nominal wages increased by 4 percent but real wages declined by 2 percent. This implies that the price level increased by 6 percent
a. True b. False Indicate whether the statement is true or false
Suppose you start your own company making T-shirts that commemorate campus sporting events. An example of the resource capital would be
a. the factory you created in a building you are leasing b. your time and effort used to produce T-shirts c. the entire campus, since the demand for T-shirts is obtained from campus students d. the athletic facilities, since the athletic teams generate sporting events advertised on the T-shirts e. your creative designs used to commemorate different sporting events
The short-run effects of government's financial rescue program and fiscal stimulus package helped the economy increase aggregate demand curing the Great Recession
a. True b. False Indicate whether the statement is true or false