The Fed:
A. has little control over the money supply.
B. serves as the central bank for the United States.
C. often uses a mix of lower taxes in its fiscal policy.
D. ensures commercial bank profitability.
Answer: B
Economics
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Refer to Figure 7-1. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
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Because barriers to entry are low in competitive price-searcher markets, in the long run, a firm's price will be equal to
a. marginal revenue. b. average total cost. c. average variable cost. d. average fixed cost.
Economics