The key financial institutions in the United States include all of the following EXCEPT
A) the U.S. Treasury
B) the Federal Reserve
C) commercial banks, pension funds, and insurance companies
D) government-sponsored mortgage lenders
A
Economics
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What is the marginal rate of substitution?
A) the rate at which the consumer is willing to trade one good for another without any loss in utility B) the rate at which the consumer is willing to trade one good for another so that she increases her utility C) the price ratio D) the rate at which the consumer must give up one good to purchase an additional unit of the other goods in the market
Economics
As the price level falls, real wage ____________and people choose to work ___________
A) rises; more B) rises; less C) falls; more D) falls; less
Economics