The entity that carries full responsibility for setting the overall direction of monetary policy and guiding the money supply is the:
A. Federal Open Market Committee.
B. Board of Governors.
C. regional bank presidents' cabinet.
D. Federal Reserve Chairman.
Answer: A
You might also like to view...
The peak phase of the business cycle represents
A) a temporary maximum output level of Gross Domestic Product (GDP). B) an increase in foreign investment. C) a labor surplus. D) falling prices.
If the price elasticity of demand for a good is elastic, then consumers are relatively unresponsive with respect to the quantity purchased when the price changes
a. True b. False Indicate whether the statement is true or false
Between 1929 and 2009, the U.S. economy grew at an average annual rate of ________
a. 10.4 percent b. 7.9 percent c. 5.2 percent d. 3.3 percent
Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and two factors of production (land and labor). Further assume that Alpha is relatively labor-abundant and food is relatively land-intensive. According to the Heckscher-Ohlin theory, Alpha has a comparative advantage in the production of
A. both goods. B. neither good. C. drink. D. food.