Unless there are deaths or resignations, a two-term U.S. President can appoint up to
A) twelve members of the Federal Reserve Board of Governors.
B) eight members of the Federal Reserve Board of Governors.
C) four members of the Federal Reserve Board of Governors.
D) two members of the Federal Reserve Board of Governors.
C
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Answer the next question on the basis of the following demand schedule.PriceQuantity Demanded$615243342516If this demand schedule were graphed, we would find that
A. its slope diminishes as we move southeast down the curve. B. its slope is constant throughout. C. its slope diminishes as we move northwest up the curve. D. the data are inconsistent with the law of demand.
Money supply M1 does not include the currency held by
A. households in their wallets or purses. B. business firms. C. state and local governments. D. commercial banks.
A change in the slope of a budget constraint indicates:
A) a change in the price of either good that causes a change in the opportunity cost. B) a change in the consumer's income. C) a change in the price of either good without a change in the opportunity cost. D) a change in the consumer's tastes and preferences.
When an economy's simple spending multiplier is 2.5, then its marginal propensity to consume is 0.4
a. True b. False Indicate whether the statement is true or false