members to the federal reserve systems board of governors
What will be an ideal response?
hold 14 year staggered terms
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The figure above shows the production possibilities frontier for a country. If the country is producing at point D, then the
A) resources are being used efficiently. B) technology associated with producing SUVs and compact cars is advancing. C) resources are not being used efficiently and/or are unemployed. D) production of SUVs and compact cars is maximized. E) None of the above answers is correct because it is not possible to produce at point D.
Over a period of years, exchange rates tend to move in the general direction of the PPP exchange rate
a. True b. False Indicate whether the statement is true or false
An important determinant of a country's standard of living is the amount of __________ it typically experiences
Fill in the blank(s) with correct word
When we compare the graphs for an increase in aggregate demand and the Phillips curve, we see that ______.
a. the impact of inflation on RGDP varies depending on which approach is used
b. neither graph shows the relationship between inflation and unemployment rates
c. neither graph shows how price changes influence RDGP
d. both graphs show the same outcome in different ways