Which of the following statements is true?

a. The Federal Reserve System was established by the U.S. Constitution
b. The Federal Reserve System was established immediately after the Civil War.
c. The Federal Reserve System was established in 1913.
d. The Federal Reserve System was established during the Great Depression.
e. The Federal Reserve System was established immediately following World War II.

c

Economics

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If the price of film increases, the demand for film processing would decrease; moreover, the equilibrium price and quantity of film processing should also decrease

a. True b. False

Economics

The population of tuna in the Pacific Ocean unexpectedly soars so it becomes easier to catch tuna. Which of the following would most likely happen first?

a. The price of tuna would remain constant. b. The price for tuna would increase c. The supply of tuna would increase. d. The demand for tuna would increase.

Economics