The Federal Open Market Committee meets
A. once a month.
B. eight times a year.
C. four times a year.
D. semi-annually.
Answer: B
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If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.
A. Federal B. Fed funds C. prime D. discount
Using the Rule of 72, how long will it take something growing at 1% per year to double?
A. 720 years B. 50 years C. 72 years D. 100 years
Actual investment equals
A. Planned investment minus undesired investment. B. Desired investment minus undesired investment. C. Desired investment plus planned investment. D. Desired investment plus undesired investment.