Which of the following statements is correct regarding the Fed?
a. Under the Federal Reserve System, there is one Federal Reserve Bank, located in Washington D.C
b. Under the Federal Reserve System, there is one Federal Reserve Bank whose location changes every 14 years.
c. Under the Federal Reserve System, there is a Federal Reserve Bank in each Congressional district.
d. Under the Federal Reserve System, there is a Federal Reserve Bank in each state.
e. Under the Federal Reserve System, there are 12 Federal Reserve banks, one in each of the 12 Federal Reserve districts.
e
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A firm's demand for labor is known as a "derived demand" because:
a. the firm gains utility from hiring more labor. b. the amount of labor hired depends upon how much output the firm can sell. c. the wage rate paid to workers is derived from the market for labor. d. it's derived from the demand for capital.
If stocks are riskier than bonds, why would a rational investor ever buy stocks?
What will be an ideal response?