Which of the following statements is correct?
A) The Fed has difficulty covering its normal expenses, but is reluctant to ask Congress for money.
B) The Fed is dependent on the annual appropriations it receives from Congress.
C) The Fed's profits are substantial, even when compared to the largest U.S. corporations.
D) At one time the Fed made substantial profits, but falling interest rates have greatly reduced them.
C
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The Bretton Woods system fixed all exchange rates in terms of the U.S. dollar
a. True b. False
The United States has no comparative advantage in shipping, so a domestic shipping industry has no reason to exist
a. True b. False Indicate whether the statement is true or false
If aggregate expenditures increase by $12 billion and equilibrium real GDP consequently increases by $48 billion, then the marginal propensity to save in the economy must be
A. 0.25. B. 0.2. C. 0.75. D. 0.8.
Is the problem of coordination common to all economies? Explain how the problem is met in a market economy and how coordination was dealt with in a command economy
Please provide the best answer for the statement.