The chairman of the Federal Reserve Board of Governors:
A. Is elected by U.S. voters.
B. Will typically change following each presidential election.
C. Serves a four-year term and can be reappointed.
D. Is always closely tied to the same political party as the president.
C. Serves a four-year term and can be reappointed.
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An $18 billion increase in spending creates $18 billion of new income in the first round of the multiplier process and $13.5 billion in the second round. The multiplier in the economy is
A. 2. B. 3. C. 4. D. 5.
Explain the process by which a private subsidy corrects an external benefit
What will be an ideal response?
Which of the following is true of Chow test?
A. It is a type of t test. B. It is a type of sign test. C. It is only valid under homoskedasticty. D. It is only valid under heteroskedasticity.
As the U.S. dollar appreciates in value, the price of goods in foreign currency increases resulting in
A) Loss of market share. B) The decline in prices. C) The demand for U.S. goods to decline. D) All of the above.