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Author Question: Which of the following is a role played by the Fed in the U.S. economy? A) It acts as a lender of ... (Read 70 times)

Frost2351

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on: Jun 30, 2018
Which of the following is a role played by the Fed in the U.S. economy?
 
  A) It acts as a lender of the last resort in case of bank runs.
  B) It determines the import duty on raw materials being imported into the country.
  C) It acts as a direct source of funds for new businesses and startups.
  D) It takes political decisions during periods of recessions.

Question 2

The law of demand states that there is a negative relationship between price and quantity demanded, ceteris paribus.
 
  Indicate whether the statement is true or false
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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ghepp

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

A

Answer to Question 2

TRUE


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