The Federal Reserve's ability to control the amount of demand deposits in the system depends on its ability to
A) clear checks.
B) charter national banks.
C) print currency.
D) regulate bank reserves.
D
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You like to sleep until 11:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?
A) nothing, since you can go back to bed later B) sleep C) obtaining the notes from the 8:00 am class D) the money you spend on coffee to stay awake
Antitrust policy is designed to
a. improve health and safety in products and in working conditions b. regulate the firms in industries where "cut-throat" competition is potentially damaging c. create monopolies by forcing competitive firms to merge d. control price and output in industries where monopoly is desirable e. promote competition and reduce anticompetitive behavior
The term compensating wage differential refers to:
a. the bargaining capacity of a monoposonist in the labor market. b. the wage differences that arise from differences in the risk involved in different jobs. c. the criteria on which a firm offers a 401K plan to all its employees or just some employees. d. the wage differences that arise from difference in productivity of the workers in a firm. e. the negotiating power of the trade union.
Many economists believe that
A. once a negative income tax system was in place, the United States could increase economic equality indefinitely without reducing economic efficiency. B. a negative income tax would be less efficient than the current welfare system. C. replacing the current welfare system with a negative income tax would increase both economic efficiency and economic equality. D. None of the above is correct.