In 1913, Congress established the Federal Reserve system with the intention of putting an end to
A) high interest rates.
B) high unemployment rates.
C) inflation.
D) bank panics.
Answer: D
Economics
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The long run
A) means a long period of time, always longer than a year. B) is a period of time in which all factors of production can be varied. C) is different for different firms. D) Both answers B and C are correct.
Economics
Refer to Figure 12-10. The firm's short-run supply curve is its
A) marginal cost curve. B) marginal cost curve from d and above. C) marginal cost curve from b and above. D) marginal cost curve from c and above.
Economics