Prior to 1980, member banks left the Federal Reserve System due to
A) the high cost of discount loans.
B) the high cost of required reserves.
C) a desire to avoid interest rate regulations.
D) a desire to avoid credit controls.
B
Economics
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If average variable costs fall, marginal costs must be less than average variable costs
Indicate whether the statement is true or false
Economics
The Affordable Care Act will subsidize the purchase of health insurance for which of the following groups?
a. Doctors and nurses regardless of income. b. Individuals and families with incomes between 133 percent and 400 percent of the poverty level. c. Employees who belong to a labor union. d. All workers employed by firms with fewer than 50 full-time employees.
Economics