In its role as the bankers' bank, a central bank performs each of the following, except:
A. providing deposit insurance.
B. managing the payments system.
C. overseeing commercial banks and the financial system.
D. providing loans during times of financial distress.
Answer: A
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Refer to the table above. What is the market supply of labor per week when the wage rate is $75?
A) 28 hours B) 50 hours C) 71 hours D) 94 hours
Which of the following statements is always true with respect to oligopolists?
a. They react slowly to actions taken by other firms b. They lower prices together c. They raise prices together d. They know with certainty what they other firms will do e. They take into consideration how other firms might react.
Expectations that the price level will increase in the future will:
a. shift the current consumption function upward b. make the current consumption function steeper. c. make the current consumption function flatter. d. result in a downward movement along the current consumption function. e. shift the current consumption function downward.
Supply-side economics calls for:
a. lower taxes on businesses and individuals. b. All of the answers are correct. c. regulatory reforms to increase productivity. d. government subsidies to promote technological advance.