The members of the Federal Open Market Committee include ______.
a. the heads of each of the member banks
b. the majority leader of the Senate
c. the president of the New York Federal Reserve Bank
d. the president of the United States
c. the president of the New York Federal Reserve Bank
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Figure 1-1
The slope of the line in Figure 1-1 is
A. 0.5. B. 2.0. C. ?0.5. D. ?2.0.
Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0Jorge's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/4 B. 4 C. 1 D. 2
Any point on a production possibilities frontier (PPF) itself is
A) production efficient. B) unattainable. C) inefficient. D) equitable.
Refer to Figure 4-9. How much of the tax is paid by producers?
A) $45 B) $8 C) $3 D) $2