Which of the following is not a responsibility of the Fed?
A) supervising member banks
B) serving as the lender of last resort
C) determining the level of government spending
D) providing check-clearing services
E) supplying the economy with Federal Reserve Notes
C
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Making the buying and selling of a good illegal shifts the demand curve ________ and shifts the supply curve ________
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
The main goal of monetary policy for recent Fed Chairmen has been to maintain high employment in labor markets
Indicate whether the statement is true or false
All of the following are characteristics of a proprietorship EXCEPT
A) the business is owned by one individual. B) one person is responsible for all the debts of the firm. C) one person gets all of the profits. D) the firm can form a corporation to protect itself against the debts.
Officials have estimated the size of the U.S. underground economy to be approximately
a. 6 to 8 percent of GDP b. about $5 trillion c. 50 percent of GDP d. $60-80 billion e. about $1 trillion