The transition to a developing economy typically involves a movement away from agriculture.
Answer the following statement true (T) or false (F)
True
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To decrease the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. increase the reserve requirement. d. All of the above are correct.
Which of the following explains why Keynesian economics lost influence in the 1970s?
A. A change in the how the Federal Reserve was constructed B. The damaging effects of inflation C. A crash in the stock market D. An increase in the marginal tax rate
A decrease in the price of a good causes
A. the nominal wealth of a person to increase. B. the marginal utility of the good to decrease. C. the utility of the good to decrease. D. purchasing power of a person's income to increase.
The Board of Governors of the Federal Reserve System does NOT
A) consist of seven members with fourteen-year terms. B) include the presidents of the twelve Federal Reserve Banks. C) utilize a system of rotations so that a position comes open every two years. D) consist of members whose appointments have been approved by the Senate.