The ________ decides monetary policy.
A. chairperson of the Federal Reserve Board
B. President
C. Congress
D. Federal Open Market Committee
Answer: D
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One reason that DOWN,RIGHT is not a NASH equilibrium is that
a. Player B receives a payoff of 8 as opposed to the payoff of 20 that he would receive if he changed his strategy. b. Player B receives a payoff of 20 as opposed to the payoff of 30 that he would receive if he changed his strategy. c. Player A receives a payoff of 20 as opposed to the payoff of 30 that he would receive if he changed his strategy. d. DOWN, RIGHT is a Nash equilibrium.
In the classical system, output and employment are primarily dependent on
a. population, productivity, and technology. b. technology, capital formation, and thrift. c. population, technology, and capital formation. d. productivity, thrift, and population.
A country's real GDP can increase for brief periods of time
A. only if both its aggregate demand and its aggregate supply increases. B. if either its aggregate demand or its aggregate supply increases. C. only if its aggregate demand increases. D. only if its aggregate supply increases.
Includes spending by all levels of government on final goods and services
What will be an ideal response?