Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
a. The President elects the entire Board of Governors.
b. The Federal Reserve district banks elects the Board of Governors.
c. The Congress elects a board member every five years.
d. One board member's term expires every second year.
e. Only bankers are allowed to be appointed as board members.
d
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Why does gold, which is a relatively nonessential item, have a higher price than water, which is essential to life?
What will be an ideal response?
Per capita real GDP levels provide one possible measure of a country's standard of living
Indicate whether the statement is true or false
The __________ serve to allocate financial resources among households and firms requiring funds.
Fill in the blank(s) with the appropriate word(s).
A reduction in regulation will shift the aggregate:
A. supply curve leftward. B. supply curve rightward. C. demand curve leftward. D. demand curve rightward.