Which one of the following is true about the U.S. Federal Reserve System?
A. There are 14 members of the Federal Reserve Board.
B. The head of the U.S. Treasury also chairs the Federal Reserve Board.
C. There are 10 Federal Reserve Districts.
D. The Federal Open Market Committee (FOMC) has more members than does the Federal Reserve Board of Governors.
Answer: D
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The substitution effect of a price change is the change in consumption that results from the movement to a new indifference curve
a. True b. False Indicate whether the statement is true or false
Suppose that a country has $120 billion of national saving, and $80 billion of domestic investment. Is this possible? Where did the other $40 billion of national savings go?
The indifference curve in the above diagram yields Juan 100 units of utility. If Juan's money income were to increase by 20 percent, the indifference curve would:
A) shift leftward. B) shift rightward. C) become steeper. D) not be affected.
Refer to the scenario above. The nominal GDP of the country in Year 1 was ________
A) $280,000 B) $2,200,000 C) $1,400,000 D) $540,000