The Board of Governors of the Federal Reserve does each of the following, except
A. sit on the Federal Open Market Committee.
B. serve on the Board at the pleasure of the President, who can make individual governors resign at any time.
C. carry out monetary policy.
D. raise and lower reserve requirements.
B. serve on the Board at the pleasure of the President, who can make individual governors resign at any time.
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What is a long-run average cost curve?
What will be an ideal response?
When the price of a good is lower than the equilibrium price, a. a surplus will exist
b. buyers desire to purchase more than is produced. c. sellers desire to produce and sell more than buyers wish to purchase. d. quantity supplied exceeds quantity demanded.
During a recession:
a. Government spending automatically rises and taxes automatically rise. b. Government spending automatically falls and taxes automatically rise. c. Government spending rises automatically and taxes fall automatically. d. Government spending and taxes do not tend to change. e. None of the above.
YearCPI200594200699200710020081042009117Using the information in the table shown, the rate of inflation from 2008 to 2009 was:
A. 12.5 %. B. 13 %. C. 17 %. D. 11.1 %.