The Federal Reserve System was created by the:
A. U.S. Treasury.
B. President.
C. Congress.
D. Supreme Court.
Answer: C
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An important determinant of a country's standard of living is the amount of __________ it typically experiences
Fill in the blank(s) with correct word
Use the figure below to answer the following question.
The diagram above shows three supply curves for apples. A movement from point a to point b is caused by a change in the
A. price of resources used to produce apples. B. technology of apple farming. C. number of apple farmers. D. price of apples in the market.
To the extent that the Ricardian equivalence theorem is true, which of the conditions below will hold?
A) Increases in the government budget deficit will not affect aggregate demand. B) Investment spending will not be considered part of aggregate demand. C) The long-run aggregate supply curve will not be vertical. D) Exports will not be considered part of aggregate demand.
For years Hugh R. Riskee enjoyed an 11% annual return on his S&P 500 mutual fund index. Last year he decided to sell his mutual fund, and invest it all in the Nasdaq 100 mutual fund index, in which he enjoyed a 14% annual return
What percent below represents the rate of his economic profit? A) 3% B) 11% C) 14% D) 17% E) 25%