In practice, money supply and short-term interest rates are determined by the
A. Treasury and Commerce departments.
B. Federal Open Market Committee.
C. Board of Governors.
D. House and Senate.
Answer: B
You might also like to view...
Which of the following statements is true of British colonies in Jamaica and Barbados?
A) Production was based on well-defined property rights and private ownership of resources. B) The institutions set up in colonies in Jamaica and Barbados were mostly inclusive. C) Participation of the natives in politics was greatly limited. D) The colonies were similar to the ones set up in North America.
An increase in the price level shifts the aggregate planned expenditure curve downward and results in a movement along the aggregate demand curve
Why does an increase in the price level result in a shift in the aggregate planned expenditure curve rather than a movement along it?
If the quantity of investment has fallen but interest rates have risen, then
a. this cannot be explained in the classical model. b. savings fell. c. savings rose. d. investment demand rose.
In the collective bargaining process,
A. supply and demand analysis is used to determine the wage. B. the contract can legally cover only the wage or salary determined. C. there is often heated discussion with threats of strikes and counterthreats of lockout. D. the negotiation period is limited to 30 days.