Because the Federal Reserve System is a central bank, it provides banking services to
A) no one.
B) consumers and business.
C) commercial banks.
D) the government only.
E) businesses only.
C
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Which of the following accurately describes growth rates in the United States from 1900 to the present?
A) Growth rates have risen continuously from 1900 to the present. B) Growth rates rose until the 1970s, slowed until the 1990s, rose again until 2005, and then slowed again to the present. C) Growth rates rose until the 1970s and then fell until the present. D) Growth rates have fallen continuously from 1900 to the present.
The term "stagflation" refers to an economy with the simultaneous problems of
(a) rising inflation rates and falling unemployment rates. (b) rising deflation and unemployment rates. (c) rising inflation and unemployment rates. (d) falling deflation and unemployment rates.