Which of the following is not one of the functions of the Federal Reserve?
A. clearing checks
B. printing currency
C. supervising and regulating banks
D. controlling the money supply
Answer: B
Economics
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When one nation specializes in the production of one good and another nation specializes in the production of another good, more of both goods can be produced
Indicate whether the statement is true or false
Economics
The long-run effects of rent controls are a good illustration of the principle that
a. society faces a short-run tradeoff between unemployment and inflation. b. the cost of something is what you give up to get it. c. people respond to incentives. d. government can sometimes improve on market outcomes.
Economics