The Fed came about in 1913 due to Congress's desire to have a centralized bank with national control of banking

The __________ serve to allocate financial resources among households and firms requiring funds.

Fill in the blank(s) with the appropriate word(s).

Studies of wages by labor economists indicate that measurable variables such as age, job characteristics, years of education, and years of experience account for

a. virtually none of the variation in wages in our economy. b. some, but less than 50 percent of the variation in wages in our economy. c. about 75 percent of the variation in wages in our economy. d. almost all of the variation in wages in our economy.