The Reserve Banks of the Federal Reserve System are owned by:
A. the U.S. Treasury.
B. the Board of Governors.
C. the commercial banks in their districts.
D. the taxpayers in their districts.
Answer: C
Economics
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What were the three shocks that the U.S. economy experienced during 2007-2009, and how did these shocks affect the IS curve, the MP curve, and the Phillips curve?
What will be an ideal response?
Economics
Other things being equal, the effect of an increase in the price of Coca-Cola would cause a(n):
a. upward movement along the demand curve for Coca-Cola. b. leftward shift in the demand curve for Coca-Cola. c. downward movement along the demand curve for Coca-Cola. d. rightward shift in the demand curve for Coca-Cola.
Economics