The ________ determines the supply of money.
A. Congress
B. President
C. Federal Reserve
D. banking system
Answer: C
You might also like to view...
A currency has depreciated when:
A. that currency buys less foreign goods than it did previously. B. that currency buys more foreign goods than it did previously. C. one unit of that currency buys more units of a foreign currency than it did previously. D. foreign goods become cheaper to holders of that currency.
Perfectly competitive firms
A. are large relative to the size of the market. B. are price makers. C. sell identical products. D. All of the above are correct.
If Spain sells soccer balls to the United States, then Spain:
A. has an absolute advantage over the United States in making soccer balls. B. can produce more soccer balls than the United States given the same resources. C. has the ability to produce soccer balls at a lower opportunity cost than the United States can. D. does not have any trade barriers with the US.
A patent is a(n)
a. government grant to an innovating firm of monopoly privilege in the production of a good or the use of a technology for a 17-year period b. annual award of monopoly privilege to a firm for the most creative invention of the year c. payment from the government to a firm for the most creative invention of the year d. grant of perpetual monopoly rights to a firm issued by the government e. expression of monopoly power in a monopolistically competitive industry