The original intent of the Federal Reserve Act of 1913 was to provide the Fed with what role?

A) regulator of the banking system
B) lender of last resort
C) manage the exchange rate
D) maintain a balanced budget

B

Economics

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In the above figure, point C represents

A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.

Economics

The declining price of oil is deflation

a. true b. false

Economics