The chairman of its Board of Governors is appointed by the president; the Fed operates without independence from the executive branch of the government
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following people would be considered frictionally unemployed?
a. The President of the United States b. An elementary school student c. A lifeguard unemployed during the winter d. A high school graduate entering the labor market for the first time e. A person laid off from his job
An assumption an economist might make while studying international trade is
a. there are only two countries. b. countries only produce two goods. c. technology does not change. d. All of the above are possible assumptions.
All saving in the U.S. economy shows up as
a. investment in the U.S. economy. b. U.S. net capital outflow. c. either investment in the U.S. economy or U.S. net capital outflow. d. None of the above is correct.
In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, consumer surplus would be represented by the area
What will be an ideal response?