Which is the most important function of the Federal Reserve System?
A. Setting reserve requirements.
B. Lending money to banks and thrifts.
C. Controlling the money supply.
D. Acting as the fiscal agent for the U.S. government.
Answer: C
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_________ are more inclined to keep the government hands off the economy and favor adhering to fixed rules.
A. Conservatives B. Liberals C. Politicians D. None of the above is correct.
The expenditure lags between fiscal actions and their effects on aggregate demand are probably fairly short.
Answer the following statement true (T) or false (F)
The 1935 Act granting workers the right to form unions and bargain collectively is known as
A) the National Labor Relations Act or Wagner Act. B) the Wheeler Act. C) the Taft-Hartley Act. D) the Modernization Act.
In a competitive equilibrium, the total consumer surplus must equal the total producer surplus
Indicate whether the statement is true or false