The Board of Governors is the
A) Presidents of the 12 regional banks of the Federal Reserve.
B) 7-member group that oversees the Federal Reserve.
C) 12-member monetary policy committee of the Federal Reserve.
D) 50-member organization of state banking regulators of the Federal Reserve.
B
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When the government converted the highway from 4 lanes into 6 lanes, they claimed the capacity had increased by 50 percent
When the government switched the highway back from 6 lanes to 4 lanes, they claimed the capacity had been decreased by 33 percent. Had the government used the midpoint method, the percentage increase would have been ________ percent and the percentage decrease would have been ________ percent. A) 50; 50 B) 33; 33 C) 33; 50 D) 40; 40
What are the results of a contractionary monetary policy in an open economy with floating exchange rates and internationally mobile capital?
a. The dollar appreciates, which leads to an increase in exports and a decrease in imports. The country therefore winds up with a deficit in capital and a surplus in its balance of trade. b. The dollar appreciates, which attracts foreign capital. Also, imports rise and exports decline. The country therefore winds up with a surplus in capital and an increase in its trade deficit. c. The dollar depreciates, which attracts foreign capital. Also, exports rise and imports decline. The country therefore winds up with a deficit in capital and a surplus in its balance of trade. d. The dollar depreciates, which leads to a larger real GDP and a larger trade surplus.
If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that
A) average variable costs are $100. B) average total costs are $100. C) average fixed costs are $100. D) marginal costs are $100.
Research studies show that the benefit of saving some American jobs in specific industries protected from foreign competition:
A. Is much greater than the costs to the whole American economy B. Is much less than the costs to the whole American economy C. Has fallen in recent years D. Has risen in recent years