The longest period of deflation in the U.S. in the 20th century was during World War II

The Federal Reserve Act of 1913 required that

A) state banks be subject to the same regulations as national banks. B) national banks establish branches in the cities containing Federal Reserve banks. C) national banks join the Federal Reserve System. D) state banks could not join the Federal Reserve System.

Which of the following examples accurately reflects monopolistic competition?

a. Stable, Inc. has a steady number of customers and doesn’t seek any more. b. TopDrawer, Inc. tries to limit its customers to a select few. c. JStar, Inc tries to sell as many cell phones to customers as possible. d. Whole Farms doesn’t really care how many buyers purchase its produce.