All of the following are regulatory agencies EXCEPT
A. the Environmental Protection Agency.
B. the Occupational Safety and Health Administration.
C. the Food and Drug Administration.
D. the National Rifle Association.
Answer: D
Economics
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Given the bank reserve-holding ratio e and the quantity of bank deposits D, the demand by banks for high-powered money is
A) eD. B) e/D. C) D/e. D) e + D. E) D - e.
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Real wages will decline if
A) money supply growth exceeds expectations. B) real interest rates rise. C) aggregate demand exceeds aggregate supply. D) money supply growth exceeds the inflation rate.
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