The Board of Governors of the Federal Reserve System is
A) elected by the public.
B) elected by members of the American Banking Association.
C) appointed by the Congress.
D) appointed by the President with approval of the U.S. Senate.
D
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Refer to the table above. If exports increase by $4,000 in the next year, ________, all other variables remaining unchanged
A) trade surplus will increase by $2,000 B) trade deficit will increase by $2,000 C) gross domestic product will increase by $4,000 D) gross domestic product will decrease by $4,000
If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per year
A. 7 B. 10 C. 12 D. 14
John is a well-known consultant who makes $150 an hour and has all the work he can handle. He has a big job in Washington D.C., ten hours away. He can drive at a cost of $80 round trip or take a one-hour flight for $300 . Which is he likely to do? Are there circumstances that may lead him to choose otherwise?
The funds to pay for police protection typically came from taxes because
What will be an ideal response?