The current (2013) chairperson of the Board of Governors of the Federal Reserve System is:
A. Lawrence Summers.
B. John B. Taylor.
C. Alan Greenspan.
D. Ben Bernanke.
D. Ben Bernanke.
You might also like to view...
Which of the following statements about explicit costs is true?
A. They usually exceed implicit costs. B. They are the only costs that matter to business owners. C. They appear on the firm's balance sheet. D. They are difficult to measure.
Refer to Figure 3-2. An increase in the expected future price of the product would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.
The classical approach to macroeconomics assumes that
A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets. B) wages and prices adjust quickly to balance quantities supplied and demanded in markets. C) prices, but not wages, adjust quickly to balance quantities supplied and demanded in markets. D) neither wages nor prices adjust quickly to balance quantities supplied and demanded in markets.
In the case of Alan Bakke, the courts ruled that preferential admissions (rigid quotas) were acceptable
Indicate whether the statement is true or false