Which of the following is true of the Federal Reserve System?
a. It is one central bank located in Washington, DC
b. It was created just before World War II.
c. All Federal Reserve banks are required to also become state banks.
d. With the formation of the Fed, the power to issue bank notes was taken away from national banks and turned over to the state banks.
e. It was notably unsuccessful in averting the Great Depression.
e
Economics
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If the price of a product is expected to increase in the future, the supply today will increase
Indicate whether the statement is true or false
Economics
The change in total cost of production that results from a change in the amount of a resource used is
a. average resource cost b. marginal resource cost c. marginal product d. marginal revenue product e. average revenue product
Economics