The Board of Governors:
A. are experts in banking, finance, and monetary policy.
B. are appointed by the U.S. president and confirmed by the Senate to 14 year terms.
C. Both these are true.
D. Neither of these are true.
C. Both these are true.
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Using the above figure, the efficient amount of paper produced is
A) 60 million tons. B) 80 million tons. C) 100 million tons. D) 120 million tons.
What happens if the Brazilian real appreciates relative to the U.S. dollar?
A) Brazilians will buy fewer U.S. goods, which generates an increase in the quantity supplied of dollars. B) The quantity demanded of reals increases as U.S. residents want to buy more Brazilian products. C) The quantity of reals supplied increases because the lower price (in reals) for U.S. goods induces Brazilians to buy more U.S. products. D) The U.S. Federal Reserve Bank increases the supply of dollars to the world economy.
Which of the following is true about marginal utility?
a. Marginal utility is total utility divided by the total quantity consumed. b. Marginal utility is the change in total utility divided by the change in total quantity demanded. c. Marginal utility is the satisfaction that a consumer experiences from all the units of a good or service consumed. d. None of the above are true.
Referring to Figure 18.3, the effect of an increase in Japanese interest rates is represented by a movement from point:
A. c to d. B. b to a. C. d to c. D. d to a.