The Fed can influence:
A. the budget of the federal government.
B. the household savings rate.
C. U.S. tax rates.
D. the U.S. money supply.
Ans: D. the U.S. money supply.
Economics
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Jose owns a local coffee shop. When Jose calculates how his total revenue changes in response to hiring an extra worker, Jose is calculating the
A) marginal revenue. B) value of marginal product of labor. C) marginal product of labor. D) total revenue.
Economics
Refer to Table 16.1. Use the following statements to answer this question
I. Mexico has an absolute advantage in the production of tomatoes and beer. II. Mexico has a comparative advantage in the production of tomatoes. A) Both I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) Both I and II are false.
Economics