During World War II

A) the Board of Governors was temporarily disbanded.
B) the Fed was not allowed to make discount loans.
C) the Fed agreed to hold interest rates on short-term Treasury securities at low levels.
D) the Fed agreed not to buy Treasury securities.

C

Economics

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________ is the human resource that organizes labor, land, and capital

A) Human capital B) Human skill C) A gift of nature D) Entrepreneurship E) Profit

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If the quantity demanded changes by an infinitely large amount for a given change in price, then demand is

A) perfectly inelastic. B) perfectly elastic. C) elastic. D) inelastic.

Economics