By serving as the lender of last resort,
A. the Fed supervises depository institutions.
B. the Fed provides check clearing services.
C. the Fed can prevent bank failures.
D. the Fed aids in the sale of government securities.
Answer: C
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Prices of microbrewery beer (assume that this is a normal good) have risen steadily in recent years. Over this same period, prices for fermenting vats used in beer making have also risen and consumer incomes have fallen
Which of the following best explains the rising prices of microbrewery beer? A) The supply curve for microbrewery beer has shifted to the left while the demand curve for microbrewery beer has shifted to the right. B) The supply curve for microbrewery beer has shifted to the left more than the demand curve has shifted to the left. C) The demand curve for microbrewery beer has shifted to the left more than the supply curve has shifted to the left. D) The demand curve and the supply curve for microbrewery beer have both shifted to the right.
Following deregulation in the airline industry
a. small carriers have gone out of business but large carriers have not. b. large carriers have gone out of business but small carriers have not. c. both large carriers and small carriers have gone out of business. d. neither large carriers nor small carriers have gone out of business.
Why do polluting firms overproduce? Use a completely and correctly labeled graph to illustrate your answer
Explain why environmentally minded firms in a competitive industry will find it difficult to take environmental action