The target federal funds rate is set by the
A. President of the United States.
B. Chairperson of the Federal Reserve Board.
C. Secretary of the Treasury.
D. Federal Open Market Committee.
Answer: D
You might also like to view...
If a monopolist has no marginal costs and only recurring fixed costs, then, if he produces, any quantity that he produces is profit maximizing if the price elasticity of market demand is -1.
Answer the following statement true (T) or false (F)
An increase in the price level in the United States will reduce imports and increase exports
Indicate whether the statement is true or false
According to the interest rate effect, an increase in the price level, if other factors are held constant, will lead to
A) a reduction in total real spending on interest-rate-sensitive goods. B) an increase in the stock of real wealth held by the public. C) an outward shift of the aggregate demand curve. D) an increase in the real interest rate.
When the average total cost is rising, it must be the case that the
a. average total cost is below average fixed cost b. fixed cost is not very high c. marginal cost is greater than the average variable cost d. average fixed cost exceeds average variable cost e. average variable cost exceeds average total cost