During the Christmas holiday season, the Fed increases the supply of currency to:
a. ensure that checks are cleared quickly.
b. meet the demand for cash withdrawals from banks.
c. stabilize the value of the dollar against other currencies.
d. decrease the value of bonds.
e. control inflation.
b
Economics
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As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor
a. increased 10 percent. b. remained approximately the same. c. decreased 10 percent. d. decreased 20 percent.
Economics
In the equation for the production function Y/L represents
a. productivity. b. output. c. the availability of natural resources. d. the amount of human capital.
Economics