In most countries the central bank is
A) totally autonomous from the rest of government.
B) semi-independent from the rest of the government.
C) a part of the private sector.
D) subordinate to the rest of government.
D
Economics
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If the consumption function can be described as C = 200 + .80Y, the marginal propensity to save is equal to
A) -0.80. B) 0.80. C) 0.20. D) 200.
Economics
According to Chandler (1977), the major event in business development in 1895–1904 was
(a) the Granger cases. (b) Munn v Illinois (1877). (c) the rise of vertically integrated firms. (d) the merger wave.
Economics