The three members of the commission that originally drew up the boundaries of the Federal Reserve Districts and the locations of the district banks were the
A) Comptroller of the Currency, the Secretary of the Treasury, and the Secretary of Agriculture.
B) Secretary of State, the Secretary of the Treasury, and the Speaker of the House of Representatives.
C) Secretary of State, the Secretary of Commerce, and the Vice President.
D) Secretary of the Treasury, the Secretary of Commerce, and the Vice President.
A
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The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The total fixed cost of producing 10 baseball hats per hour is
A) $400 B) $200 C) $22 D) More information is needed to answer the question.
Refer to Figure 4-3. If the market price is $3.00, what is the consumer surplus on the first ice cream cone?
A) $0.50 B) $1.00 C) $5.50 D) $9.00
A decrease in the money supply causes the interest rate to rise so that investment falls
a. True b. False Indicate whether the statement is true or false
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.