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Author Question: The Federal Reserve was established in 1913 to A) prevent bad loans by requiring banks to hold ... (Read 80 times)

Collmarie

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on: Jun 30, 2018
The Federal Reserve was established in 1913 to
 
  A) prevent bad loans by requiring banks to hold reserves.
  B) stop bank panics by acting as lender of last resort.
  C) stimulate the economy by increasing bank reserves.
  D) prevent inflation by decreasing the money supply.

Question 2

The marginal product of labor (MPL) can be calculated from the following ________.
 
  A) the labor share of income and the average output per unit of labor
  B) the labor share of income and average labor per worker
  C) output and labor
  D) the labor share of income and output
  E) none of the above


uniquea123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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