Which law specifically mandated the federal government's responsibility for economy-wide stability?

A) the Employment Act of 1946
B) the Sherman Act of 1890
C) the Glass-Steagall Act of 1933
D) the Volcker Act of 1960

Answer: A

Economics

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Amber Crombie is a stay-at-home mom while her husband Fitch works two jobs. What can we clearly conclude?

A) Amber Crombie is unemployed. B) Fitch is employed. C) Amber Crombie is exploited. D) Fitch is exploited. E) All of the above are true.

Economics

If quantity demanded for rice falls by 2% when price increases 8%, we know that the absolute value of the own-price elasticity of rice is:

a. 2.5. b. 0.25 c. 4.0 d. 0.40.

Economics