Which of the following directs the buying and selling of U.S. government securities?
a. Board of Governors.
b. Federal Reserve Banks.
c. Federal Open Market Committee.
d. Federal Advisory Council.
e. Member banks.
c
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Joe has been unable to find a job because he lacks the necessary computer skills. Joe is
A) cyclically unemployed. B) skill-set unemployed. C) frictionally unemployed. D) structurally unemployed. E) educationally unemployed.
Money is legal tender if: a. people willingly accept it in payment of debts. b. it is backed by gold or silver
c. it is commodity money. d. the government says it is. e. it is in a bank account.
What revived the United States' economy out of the Depression in the early 1940s?
A. the New Deal B. a tax cut C. spending on the war D. suburbanization
What is Calvin’s opportunity cost to produce 4 yards of cloth?
a. 3/4 pound of food
b. 1 pound of food
c. 3 pounds of food
d. 4 pounds of food