A scatter diagram of the position of the U.S. economy from 1972 through 2007 with the price level on the vertical axis and real GDP on the horizontal axis would show a movement generally toward the

A. northwest.
B. northeast.
C. southwest.
D. southeast.

Answer: B

Economics

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Legal reserve requirements on banks in the United States today are primarily

A) a limitation on banks' ability to make loans. B) a protection for bank depositors against runs. C) a protection for bank shareholders against capital loss. D) an attempt to restrain the market power of banks. E) designed to control competition among banks.

Economics

In the United States, federal efforts to clean up the environment are coordinated by the

a. Environmental Protection Agency b. Department of the Interior c. State Department d. Department of Agriculture e. Department of Justice

Economics