The members of the Federal Reserve Board of Governors serve
a. 6-year terms
b. 4-year terms
c. 10-year terms
d. 14-year terms
e. 2-year terms
D
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Each of the following would decrease the demand for U.S. dollars, shifting the demand curve for dollars to the left, except:
A. a decrease in real GDP abroad. B. a decreased preference for U.S.-made goods. C. a decrease in the real interest rate on U.S. assets. D. a depreciation of foreign currencies relative to the U.S. dollar.
Which of the following industrial changes allowed the smallest start-up manufacturers to compete with great industrial capitalists?
A. A positive trade balance at the turn of the 20th century. B. The completion of the national railroad network. C. The development of the moving assembly line as a division of labor in manufacturing. D. The transition from private electric generators to centralized utility based power production.
In the above figure, point A is ________, and point B is ________
A) attainable, attainable B) attainable, unattainable C) unattainable, attainable D) unattainable, unattainable
Most economists have argued that the persistence of high unemployment despite New Deal policies:
a. constitutes a complete repudiation of New Deal policies. b. was the result of "sticky" wages. c. was in part the result of pressures from government to maintain wages. d. Both b and c are correct.