The Federal Reserve System was created in 1913, through the Federal Reserve Act, by the:
a. U.S. President.
b. Judiciary.
c. Congress.
d. International Monetary Fund.
e. State governments.
c
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The working-age population includes
A) people over the age of 16 who are in the Army. B) employed and unemployed people over the age of 16. C) those in jails and hospitals. D) youngsters between the ages of 14 and 16 if they are working at least part time. E) only employed people over the age of 16.
If the exchange rate falls, the quantity of dollars supplied
A) increases, and there is movement up along the supply curve of dollars. B) increases, and there is movement down along the supply curve of dollars. C) decreases, and there is movement up along the supply curve of dollars. D) does not change. E) decreases, and there is movement down along the supply curve of dollars.
In reality international trade is determined solely by comparative advantage and the free market forces of supply and demand
a. True b. False Indicate whether the statement is true or false
In-kind transfers include
A. Public housing and Medicare. B. Social Security benefits and housing subsidies. C. Medicaid and unemployment benefits. D. Transfer payments and food stamps.