The Federal Reserve ___
a. oversees the US banking system
b. determines the size of M1 and M2 and sets US interest rates
c. is the central bank of the US
d. all
Answer: d. all
Economics
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Explain why expansionary monetary policy would not result in reduced unemployment rates if workers and firms have rational expectations
What will be an ideal response?
Economics
Refer to the diagram. Flow 3 represents:
A. wage, rent, interest, and profit income.
B. land, labor, capital, and entrepreneurial ability.
C. goods and services.
D. consumer expenditures.
Economics