The Federal Open Market Committee is made up of all of the following, except
A. the board of governors.
B. the chairman of the board of governors.
C. the president of the United States.
D. the president of the Federal Reserve Bank of New York.
C. the president of the United States.
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Most college professors are granted tenure after six years of employment. Tenure implies a lifetime appointment. What problem does this situation create, and how can colleges minimize the problem?
What will be an ideal response?
Jim's Burgers produces 500 burgers per week. He can sell as many burgers as he can cook for $3 . What is the marginal revenue from selling the 50th burger?
a. $3 b. $150 c. $147 d. It cannot be determined with the information given
Keynesian economists, like classical economists, believed that prices and wages were flexible in both directions
Indicate whether the statement is true or false
What may be the reasons that explain the observation that during periods of hyperinflation economic growth actually slows or even contracts?
What will be an ideal response?