It is widely believed that the Federal Reserve's most important function is
A) to provide loans to the federal government.
B) to regulate the money supply.
C) to set the legal, controlled consumer interest rates.
D) to lend to risky customers.
B
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Suppose the price elasticity of demand for methamphetamine is -0.35
If decriminalization caused the price of methamphetamine to fall by 75 percent, what will be the percentage increase in the quantity of methamphetamine demanded? If the price elasticity is -3.5, what will be the percentage increase in quantity demanded?
The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and ... when ...
What will be an ideal response?
How does the increasing use of MP3 players affect the market for compact discs?
A) The demand curve for compact discs shifts to the right. B) The supply curve for compact discs shifts to the left. C) The supply curve for compact discs shifts to the right. D) The demand curve for compact discs shifts to the left.
Empirical evidence with respect to the labor supply decision suggests that the substitution effect seems to dominate for most people, which means that the aggregate labor supply responds ________ in the wage rate.
A. positively to a decrease B. independently from an increase or a decrease C. negatively to an increase D. negatively to a decrease