When the Federal Reserve System was first established, which of the following was its chief responsibility?
a. Keeping the inflation rate low and stable
b. Ensuring the stability of the banking system
c. Achieving full employment of the labor force
d. Keeping the interest rate low and stable
e. Keeping output growth high and stable
B
Economics
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Which of the following is most likely to happen, if investment in an economy falls?
A) Firms' revenue rise. B) Mortgage defaults fall. C) Labor supply falls. D) Unemployment rises.
Economics
Refer to Table 2.3. Assume that 2010 is the base year. The GDP deflator for 2007 is
A) 67.1. B) 84.5. C) 100.0. D) 118.3.
Economics