IPOs have become very important in the U.S. economy because they are a major source of financing for
A) so-called "blue-chip" companies.
B) hedge funds.
C) internet companies.
D) mutual funds.
C
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A fall in the price level produces a ________ the aggregate supply curve
A) rightward shift of B) movement upward along C) rightward shift of the aggregate supply curve and a movement downward along D) movement downward along E) leftward shift of
What is the role of the Federal Open Market Committee (FOMC)?
(A) It makes key decisions about interest rates and the growth of the United States money supply. (B) It redraws the map of the 12 Federal Reserve Districts every ten years in response to economic changes. (C) It collects information on each Federal Reserve District and reports on economic conditions to the Board of Governors. (D) Composed of seven members appointed by the President, it oversees the Federal Reserve System.