The amount of currency in the economy is determined ultimately by the demands of the
a. commercial banks and the public
b. Board of Governors
c. District Federal Reserve Banks
d. District Federal Reserve Banks and commercial banks
e. Board of Governors and the District Federal Reserve Banks
A
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The persistent problem of inflation, beginning in the late 1960s, had its causes in all of the following except
(a) The full-scale entrance of the United States into the Vietnam War in 1965 (b) "Oil shocks" in the 1970s (c) Rising production costs in almost every sector in the economy due to rising energy costs (d) Rising corporate taxes which raised the cost of doing business
A firm could be engaged in successful predatory pricing if: a. It charged prices greater than the average variable cost of production. b. It did not drive rivals out of the market
c. It did not raise its prices after its predatory price cutting. d. None of the above is true.