Monetary policy actions are determined by the
A) Federal Open Market Committee.
B) New York Federal Reserve Bank.
C) President of the United States.
D) U.S. Congress.
A
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From 1993 to 2012, average real income for the bottom quintile of U.S. households
A) decreased by more than 10%. B) remained virtually unchanged. C) increased by about 5%. D) almost doubled.
Table 7-1 Workers Toys1 5212322430535? ? ? In Table 7-1, the marginal physical product of labor after the addition of the fourth worker is
A. 8. B. 7. C. 10. D. 5.
________ in the domestic interest rate causes the demand for domestic assets to ________ and the domestic currency to appreciate, everything else held constant
A) An increase; increase B) An increase; decrease C) A decrease; increase D) A decrease; decrease
A money supply increase in the New Keynesian model is not neutral because
A) consumers are fooled into working harder. B) the real interest falls, the quantity of output demanded rises, and firms supply more output. C) productivity rises, increasing output supply. D) bank lending rises.