What is the main body assisting the Board of Governors of the Federal Reserve System in determining monetary policy?

A. Federal Advisory Council.
B. U.S. Congress.
C. U.S. Treasury.
D. Federal Open Market Committee.


Answer: D

Economics

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According to the IS equation, a change in which of the following will cause a change in output?

A) real interest rate B) autonomous investment C) marginal propensity to consume D) all of the above E) none of the above

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The addition to revenue obtained from firing an additional unit of labor is

A) total product. B) marginal revenue product. C) marginal factor cost. D) marginal physical product of labor.

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Complementary goods

a. are usually used in conjunction with each other b. are usually used in place of one another c. do not adhere to the law of demand d. are goods whose demand rises as incomes rise e. are goods whose demand falls as wealth falls

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Each of the following industries was deregulated during the last 30 years except

A. the airlines. B. trucking. C. banking. D. radio and TV.

Economics