Technology is
A) society's pool of knowledge of how to produce goods and services.
B) a resource like land or physical capital.
C) computers and lasers.
D) not obtainable by engaging in activities that increase human capital.
A
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Which of the following types of financial institutions is required to belong to the Federal Reserve System?
a. National banks. b. State-chartered banks. c. Savings and loan institutions. d. Credit unions.
According to the political business cycle, after an election, unless the central bank acts inflation is likely to
a. have risen. To counter this the central bank would raise interest rates. b. have risen. To counter this the central bank would lower interest rates. c. have fallen. To counter this the central bank would raise interest rates. d. have fallen. To counter this the central bank would lower interest rates.