There are ________ members of the FOMC
A) 5 B) 7 C) 12 D) 19
C
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Which of the following is responsible for decision making regarding the purchase and sale of bonds by the Fed?
a. the chairman of the Board of Governors of the Federal Reserve System b. the Federal Open Market Operations Committee c. the U.S. Secretary of Treasury d. the president, with the advice and consent of the chairman of the Council of Economic Advisers.
If increasing the hourly wage rate from $10 to $15 causes a worker to work 50 hours rather than 40, the worker's elasticity of labor supply is equal to:
A. 1.8. B. 0.05. C. 0.50. D. 2.
Explain in detail what effect a Fed sale of bonds will have on: (1 ) the LM curve; and (2 ) the IS curve
What will be an ideal response?
How can the outsourcing of jobs cause production possibilities to expand?
What will be an ideal response?