The current chair of the Board of Governors of the Federal Reserve System is
A) Janet Yellen.
B) Alan Greenspan.
C) Ben Bernanke.
D) Paul Volcker.
A
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The main disadvantage of using money as a store of value is that
A. unlike other assets, money serves as a medium of exchange. B. barter is a more efficient way to conduct transactions than using money. C. other assets pay relatively higher rates of interest than money. D. other assets provide greater anonymity than cash.
In the figure above, the producer surplus is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
According to classical economists, the increase in unemployment in recessions is caused by
A) slack aggregate demand. B) the failure of wages to adjust to restore equilibrium in the labor market. C) the power of labor unions, which prevent firms from cutting wages. D) a mismatch of workers and jobs.
The _____ shows all of the combinations of risk and return that leaves an investor equally well off from holding either a low-risk or a high-risk investment
a. indifference curve b. expectation c. standard deviation d. correlation coefficient