Each of the 12 regional reserve banks ________.
A. are only responsible for carrying out Treasury policy in their district
B. own the member banks in their district
C. are owned by the member banks in their district
D. are owned by the Board of Governors
Answer: C
Economics
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If the price level increases, but workers' money wage rates remain constant,which of the following is TRUE?
I. The quantity of labor demanded will increase. II. The real wage rate will decrease. III. The demand for labor curve shifts rightward. A) I only B) I and II C) II and III D) I, II and III
Economics
Refer to Table 2-6. What is Lucy's opportunity cost of making a wagon?
A) 3/4 of a wagon B) 2 tricycles C) 1 1/3 tricycles D) 3 wagons
Economics