The manipulation of a country’s money supply is typically the job of ______.
a. individual businesses
b. the country’s banks
c. its president or prime minister
d. a central bank
d. a central bank
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Fernando charges the restaurant Flaming Fernando's $1,000 annually for use of his name. If Fernando increases the fee for use of his name
A) the restaurant's average fixed cost, average variable cost, average total cost, and marginal cost curves all shift upward. B) the restaurant's average fixed cost, average total cost, and marginal cost curves shift upward. C) the restaurant's average variable cost, average total cost, and marginal cost curves shift upward. D) the restaurant's average fixed cost and average total cost curves shift upward.
Refer to Figure 12-6. Jason is currently producing 20 thousand pounds of apples. To maximize his profit Jason should
A) keep production at 20 thousand pounds. B) increase production to the output rate indicated by point d. C) decrease production to the output rate indicated by point a. D) increase production to the output rate indicated by point e.
Which of the following types of goods tend toward elastic demand?
a. luxuries b. durable goods c. goods with multiple uses d. All of these.
In the early 1900s,
a. federal and state governments typically supported management and opposed labor unions. b. "government by injunction" was a strong weapon for combating strikes. c. using troops to break strikes was considered a legitimate use of police power. d. the Supreme Court upheld employers' use of antiunion contracts. e. All of the above.