The United States truly became a mass consumption society in
A. the early 1900s.
B. the 1920s.
C. the 1940s.
D. the 1960s.
B. the 1920s.
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Which of the following measures did the Fed take during the uncertain days following the terrorist attacks of September 11, 2001? a. The Fed tightened regulations in the financial markets
b. The Fed increased the discount rate. c. The Fed bought all the government securities up for sale. d. The Fed increased the reserve requirement ratio. e. The Fed demanded interest on the bank reserves held at the Fed.
There are three prerequisites to creating money. They are
a. currency, homogeneity, volatility b. fractional reserve system operating with financial intermediaries, people willing to make demand deposits, borrowers prepared to take out loans c. Federal Reserve Notes, willing creators of demand deposits, investment managers d. banks loaning new deposits to other banks, borrowers who create M1, a need for a store of value e. excess reserves, reserve requirements, financial intermediaries
Voters' Ordered PreferencesAbbyBobCarloPublic parksPublic zooPublic transportationPublic zooPublic transportationPublic parksPublic transportationPublic parksPublic zooIf a pair-wise majority vote was held and the voters' preferences are shown in the table, which of the following is true?
A. The preferences of each member is transitive. B. The outcome of the vote will not change, regardless of voting method. C. The most efficient outcome for the group will occur if pair-wise majority voting was used. D. The collective preferences of the group are transitive.
Mr. and Mrs. Nakama were paying $6,000 taxes on a combined taxable income of $40,000. When they both received pay increases, they found themselves in a higher tax bracket (28 percent). Their average tax rate
A. Decreased. B. Increased to 15%. C. Increased to between 15% and 28%. D. Increased to 28%.