When the Fed Was Created in 1913

question 14

Multiple Choice

When the Fed was created in 1913,

• A)it had no role in the management of the nation's economy.
• B)it was restricted to providing emergency loans to financial institutions.
• C)it adhered to a strictly supply-side policy focus.
• D)its primary economic management tool was to reduce inflation by restricting the money supply.
• E)it was far more likely to increase the money supply by lowering interest rates than to restrict it by raising them.

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Definitions:

Skewed Left

Describes a distribution of data where the tail is longer on the left side of the distribution, indicating a larger number of lower values.

Regression Analysis

A statistical method to determine the relationship between a dependent variable and one or more independent variables.

Greek

Pertaining to Greece, its people, language, or culture.

Multiple Regression

The use of several influencing variables in statistics to project the output of a specific response variable.