Which of the following statements about the structure of the Fed is an advantage from the perspective of conducting monetary policy?
A) The two policymaking bodies of the Fed are deliberately large to allow for different viewpoints and they work very closely with other political institutions.
B) The two policymaking bodies of the Fed are deliberately large to allow for different viewpoints and they work relatively independently of other political institutions.
C) The two policymaking bodies of the Fed are small to allow deliberations in private and they work relatively independently of other political institutions.
D) The two policymaking bodies of the Fed are small to allow members to work closely with other political institutions.
Ans: C) The two policymaking bodies of the Fed are small to allow deliberations in private and they work relatively independently of other political institutions.
You might also like to view...
In the figure above, the rightward shift from the demand for loanable funds curve DLF1 to the demand for loanable funds curve DLF2, could be the result of
A) a decrease in expected profit. B) a fall in the interest rate. C) an increase in wealth. D) a rise in the interest rate. E) an increase in expected profit.
Inducements to act in particular ways are called
A) collusive tactics. B) incentives. C) trade-offs. D) opportunity costs.
The primary difference between monopolistic competition and perfect competition is the number of firms in the market
Indicate whether the statement is true or false
List and explain the two different approaches used to measure GDP