The Federal Reserve consists of ________ regional banks, ________ governors on the Board of Governors, and ________ voting members of the Federal Open Market Committee.
A. 12; 7; 19
B. 14; 7; 21
C. 7; 12; 12
D. 12; 7; 12
Answer: D
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Based on the information in the above table, the price of A is $3, the price of B is $2, and the price of C is $5. If Mary has $22 to spend, what combination of products A, B, and C should she buy in order to maximize her satisfaction?
In the neoclassical theory of growth, growth in ________ is the result of luck
A) saving B) income C) technology D) the real interest rate
Increases in import spending _____________________, ceteris paribus
A) raise GDP B) lower GDP C) are always equal to decreases in exports D) may raise or lower GDP
Being a price taker essentially means
A) a firm can influence the market price. B) a firm cannot influence the market price. C) the firm cannot legally set its price above the market price. D) the firm cannot legally set its price below the market price.