Which group within the Federal Reserve System meets to discuss changes in the economy and determine monetary policy?
a. the Board of Governors
b. the FOMC
c. the regional Federal Reserve Bank presidents
d. the Central Bank Policy Commission
b
Economics
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For the recession of 2007-2009, it took ________ for real GDP to return to its cyclical peak
A) about 18 months B) about 2 year C) about 3.5 years D) almost 5 years
Economics
A price cut will decrease the revenue a firm receives if the demand for its product is
A. elastic. B. inelastic. C. unit elastic. D. straight elastic.
Economics
The case of New Zealand, described in the text, draws what technical conclusion regarding the country's international debt position?
What will be an ideal response?
Economics
In the graph shown, what represents the trade deficit?
A. Y2 - Y0 B. Y0 C. Y1 D. Y2 - Y1
Economics