The real power within the Federal Reserve lies with the
A) Council of Economic Advisors. B) Council of Monetary Advisors.
C) Board of Governors. D) Federal Reserve District banks.
C
You might also like to view...
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
If the natural rate of unemployment equals 6 percent and the actual rate of unemployment equals 5 percent, then cyclical unemployment equals:
A. 11 percent. B. -1 percent. C. 1 percent. D. -1.2 percent.
Fluctuations in investment: a. account for almost all of the variability in gross domestic product (GDP) only during expansions. b. account for little of the variability in gross domestic product (GDP)
c. account for almost all of the variability in gross domestic product (GDP) only during recessions. d. are larger during expansions than during recessions. e. account for more of the variability in gross domestic product (GDP) than consumption.
If cats become a more popular pet in the United States than they are now, what can we expect to happen to the market for cat food workers?
A. MP increases B. MRP increases C. wage decreases D. MRP decreases