A primary source of revenue for the federal government is the sales tax
Indicate whether the statement is true or false
F
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In the short run, to decrease the interest rate, the Federal Reserve ________ the quantity of money by ________ government securities
A) decreases; buying B) increases; selling C) decreases; selling D) increases; buying E) None of the above answers is correct because in the short run, the Federal Reserve cannot change the interest rate.
The real interest rate, business taxes, expected profits and business confidence, and capacity utilization are embedded in the slope of the investment function
Indicate whether the statement is true or false
An indifference curve shows the
A. Combinations of goods giving equal utility to a consumer. B. Optimal consumption combinations between two goods. C. Maximum utility that can be achieved for a given consumer budget. D. Maximum utility that can be achieved for different amounts of a good.
When Congress established the Federal Reserve in 1913, what was its main responsibility? When did Congress broaden the Fed's responsibilities?
What will be an ideal response?