The Federal Reserve System is controlled by the
A. U.S. Department of the Treasury.
B. House of Representatives and the Senate.
C. Board of Governors.
D. President of the United States.
Answer: C
Economics
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Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause a(n):
A. Increase in supply B. Decrease in supply C. Increase in quantity supplied D. Decrease in quantity supplied
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Price supports are a form of price ceiling for agricultural products that lowers prices for consumers and enhances market efficiency.
Answer the following statement true (T) or false (F)
Economics