All of the following are responsibilities of today's Fed EXCEPT:
a. providing financial services to depository institutions.
b. enacting regulations for the purpose of decreasing the national debt.
c. maintaining the stability of financial markets.
d. setting monetary policy aimed at price stability.
e. supervising and regulating banking institutions.

Arecession is defined as a period in which

Match the different financial task to their corresponding financial life cycle phases

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.