The Federal Reserve Board of Governors
A. will lower the discount rate to restrict monetary growth.
B. are appointed by the president for seven-year terms.
C. is basically independent.
D. serve at the pleasure of the president, who can force their resignations at any time.
C. is basically independent.
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Since it does not have to be converted into anything else to make purchases, ________ is the most liquid asset
A) money B) stock C) artwork D) gold
In which of the following cases does the benefit principle provide little guidance?
a. The benefits of the program are spread throughout the population. b. Gasoline taxes are used to fund highways. c. It is difficult to identify the beneficiaries of government programs. d. In cases a and c. e. In none of the above cases.
If the duration of unemployment in a country increases from 16 weeks to 18 weeks, then
A) the unemployment rate will decrease. B) the unemployment rate will increase. C) the size of the labor force will increase. D) the size of the labor force will decrease.
"Anticompetitive practices" are actions by a powerful firm that:
a. threaten to destroy competitors b. force competitors to compete less vigorously c. prevent the entry of new rivals. d. all of these are true.