Which of the following are types of economic markets? I. perfectly competitive II. oligopoly III. monopoly IV. multilateral

Consumption or household spending of an economy comprises of both consumer spending and business spending

a. True b. False Indicate whether the statement is true or false

Who owns the Fed?

a. the federal government b. the 50 state governments c. the District Federal Reserve Banks d. it has no ownership, which is why it is called independent e. member banks