Funding for the operations of the Board of Governors of the Federal Reserve is derived from
A) taxes collected from commercial banks.
B) the governments of the states in which the district banks operate.
C) appropriations from the United States Congress.
D) earnings of the Federal Reserve district banks.
D
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Production points inside the PPF are
A) efficient but not attainable. B) efficient and attainable. C) inefficient and not attainable. D) inefficient and attainable.
Which of the following is true of the relationship between the marginal cost function and the average total cost and average variable cost functions?
A) If MC is greater than ATC and AVC, then ATC and AVC will increase. B) The ATC and AVC curves intersect the MC curve at minimum MC. C) The MC curve, ATC curve, and AVC curve all intersect at the same point. D) At each level of output, MC is equal to difference between AVC and ATC.
For poor and nonpoor elderly, social security receipts exceeds the sum of interest, dividends, pensions, and earnings
Indicate whether the statement is true or false
IF a period of substantial inflation, increasing gov. spending would _________
Fill in the blank(s) with the appropriate word(s).