Author Question: Identify the correct statement about the Fed. a. When the Federal Reserve System was established, ... (Read 68 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
Identify the correct statement about the Fed.
 a. When the Federal Reserve System was established, all banks were required to become members.
 b. When the Federal Reserve System was established, only federally chartered banks were allowed to join.
 c. When the Federal Reserve System was established, only federally chartered banks were required to join.
 d. When the Federal Reserve System was established, most banks joined even though none were required to join.
  e. When the Federal Reserve System was established, membership was required for all banks in some states, but not in others.

Question 2

A small change in the rate of productivity growth will have:
 a. a small impact on output in both the short run and the long run.
 b. a large impact on output in both the short run and the long run.
 c. a small impact on output in the short run but a large impact in the long run.
  d. a large impact on output in the short run but a small impact in the long run.
  e. no effect on output at all.



juicepod

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

c

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library