The Federal Reserve
a. prints money for use by individuals during transactions.
b. is a nation's monetary authority, responsible for controlling the money supply.
c. issues government debt.
d. makes loans and takes deposits from individuals.
e. collects taxes from corporations only while the Treasury Department collects personal income and Social Security taxes.
B
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Structural unemployment exists because workers and employers try to find the right employment matches
Indicate whether the statement is true or false
From the standpoint of ________, specialization in lending is surprising but makes perfect sense when one considers the ________ problem
A) moral hazard; diversification B) diversification; moral hazard C) adverse selection; diversification D) diversification; adverse selection