Which role of the Federal Reserve was expanded directly as a result of the PDCF and TSLF?

A. Supervising banks.
B. Lender of last resort.
C. Fiscal agent for the federal government.
D. Issuing currency.

B. Lender of last resort.

Economics

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The demand curve for a product will shift rightward when the price of a substitute decreases

a. True b. False

Economics

A unique feature of an monopolistic industry is:

A. Low barriers to entry B. Standardized products C. Diminishing marginal returns D. Mutual interdependence

Economics