Of all commercial banks, about ________ belong to the Federal Reserve System
A) 10%
B) one half
C) one third
D) 90%
C
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Economists often refer to taxes, subsidies, legal rules, and public auctions as methods of indirect regulation. Explain what this means and what are its limitations
What will be an ideal response?
Following adjustments to a new equilibrium in a market, the equilibrium quantity remains unchanged, but the market clearing price is now lower. Which of the following could definitely have caused this outcome?
A) Demand and supply both increased. B) Demand and supply both decreased. C) Demand increased, and supply decreased. D) Demand decreased, and supply increased.
The income effect of a normal good is negative.
a. true b. false
The current international monetary system is based on a gold standard.
Answer the following statement true (T) or false (F)