If you receive $18 worth of pleasure from the first hole of golf played and your additional pleasure from succeeding holes drops $1 for each hole played, if the cost per hole is zero, how many holes of golf will you play?

Which of the following is TRUE of the Federal Reserve System?

a) It is controlled by the executive branch of the federal government. b) It is subject to oversight from Congress. c) It is not the central bank of the United States. d) It was established as part of the U.S. Constitution.

When people exchange money for financial assets, the _____ rises

a. real GDP b. price level c. unemployment rate d. nominal GDP e. interest rate