What is the length of the term of the members of the Board of Governors of the Federal Reserve System?
A. four years
B. six years
C. fourteen years
D. life or until the member resigns
Answer: C
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If M increases and V decreases: a. nominal GDP increases
b. nominal GDP decreases. c. nominal GDP stays the same. d. there is an indeterminate effect on nominal GDP.
Because resources are limited:
A. only the very wealthy can get everything they want. B. firms will be forced out of business. C. the availability of goods will be limited but the availability of services will not. D. people must make choices.
The smaller the typical depositor at a financial institution, the __________ likely that some of the institution's deposits are federally insured and thus the __________ heavily that institution tends to be regulated
A) less; less B) less; more C) more; less D) more; more
The Business Cycle has three main parts, which of these is not one of them?
a. Expansion b. Recession c. Inflation d. Recovery