When the Federal Reserve System was created in 1913, it was designed to
A) play the role of a passive service agency.
B) stabilize the economy through the use of open market operations.
C) collect taxes for the federal government.
D) mint new gold and silver coins.
A
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Which of the following terms describes the process wherein many of the different stages of producing a good happen in different geographic locations?
a. supply chain management b. splitting up the supply chain c. splitting up the value chain d. value Chain management
What is a barter economy? What are its major drawbacks?
Persons who argue that monetary and fiscal policy should be deliberately used to smooth out the business cycle are called
A) activists. B) disciples. C) nonactivists. D) controllers.
If the cross-price elasticity between ketchup and hamburgers is ?1.2, a 4 percent increase in the price of ketchup will lead to a 4.8 percent:
A. drop in quantity demanded of hamburgers. B. increase in quantity demanded of ketchup. C. drop in quantity demanded of ketchup. D. increase in quantity demanded of hamburgers.