List the Fed's four main monetary goals
What will be an ideal response?
1. Price stability
2. High employment
3. Stability of financial markets and institutions
4. Economic growth
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A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from past experience that the price elasticity of demand for cars is unitary (= 1)
If the price of the cars is currently $20,000 and the dealer wants to increase the quantity demanded from 30 units to 50 units, what must the new price be if the dealer is to sell the 20 additional cars? A) $10,000 B) $12,000 C) $16,000 D) $18,000
The price of a Treasury bond futures contract is set
A) by the federal government. B) by the Chicago Board of Trade. C) by the Federal Reserve. D) as a result of bidding and offering by market participants.
For state nonmember banks, the "primary" federal regulator is the
A) Federal Reserve. B) FDIC. C) House Banking Committee. D) Comptroller of the Currency.
Market economies are not constrained by scarcity; only planned economies have that problem
a. True b. False Indicate whether the statement is true or false