In the above, in which figure(s) is (are) the slope the same at every point?
A) Figure A only
B) Figures A and C
C) Figure B only
D) Figures A, C, and D
E) Figures C and D
A
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The quantity supplied and price tend to vary
a. inversely. b. independently. c. in an unrelated fashion. d. directly.
All else constant, an increase in the demand for bonds
A) increases the equilibrium quantity and the equilibrium price of bonds. B) increases the equilibrium quantity and decreases the equilibrium price of bonds. C) decreases the equilibrium quantity and increases the equilibrium price of bonds. D) decreases the equilibrium quantity and the equilibrium price of bonds.
In the United States, day-to-day decisions about monetary policy are carried out by
A) the Board of Governors. B) the Chairman of the Board of Governors. C) the Federal Open Market Committee. D) the Open Market desk in New York. E) none of the above
Which one of the following is true about the U.S. Federal Reserve System?
A. There are 12 regional Federal Reserve Banks. B. The head of the U.S. Treasury also chairs the Federal Reserve Board. C. There are 14 members of the Federal Reserve Board. D. The Open Market Committee is smaller in size than the Federal Reserve Board.