During the Great Depression, the Federal Reserve Board:
a. prevented many bank failures
b. failed to act as a lender of last resort.
c. failed to clear checks adequately.
d. began operating as the government's bank.
e. issued too many bank notes.
b
Economics
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Max is shopping for a new winter jacket. The salesperson explains that two coats have identical features-the Columbia jacket that costs $120, and the Burton jacket that costs $300. Max buys the Burton jacket. Burton jackets may be a good example of:
A. an inferior good. B. a Giffen good. C. a Veblen good. D. a normal good.
Economics
"The people of America want energy independence." From the economic way of thinking, this statement is
What will be an ideal response?
Economics