The Federal Reserve controls the long-term interest rate.
Answer the following statement true (T) or false (F)
False
The Fed can control the short-term rate, but it can only hope that the long-term interest rate will move in the direction it wants. The Fed will take steps to try to influence the direction of the long-term interest rate.
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In general, a bank that held excess reserves would earn lower profits as a result
a. True b. False Indicate whether the statement is true or false
Based on the table showing income distribution in the United States in 2017, the lowest earning families in the top quintile earn about ______ times as much as the highest earning families in the first quintile.
a. two to three
b. four to five
c. seven to eight
d. ten to twenty
Combining various goods and services into a convenient grouping is called
A. conglomeration. B. blending. C. congregation. D. agglomeration. E. aggregation.
What is the fundamental argument in Malthus' An Essay on the Principle of Population?
A. Ultimately, population growth rate would outpace growth in real GDP leading to declining standards of living. B. Population growth tends to undermine global stability which is a stimulus for future wars and conflicts. C. Population would increase at a geometric rate and the food supply at an arithmetic rate and that this disharmony would lead to forced return to subsistence-level conditions. D. Population growth is the root cause of hunger, poverty, environmental destruction, disease, and social unrest.