The Governors of the Federal Reserve System serve terms of:
A. four years, the same as the U.S. President, and the terms are not renewable.
B. seven years.
C. fourteen years.
D. four years that can be renewed.
Answer: C
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The following data show Uruguay's GDP using purchasing power parity in billions of dollars
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 GDP($) 26.1 25.8 23.3 24.3 27.9 30.1 33.9 37.2 40.2 Using the data, we can conclude that A) Uruguay's economy reached a peak in 2000. B) GDP per person in Uruguay almost doubled between 2000 and 2008. C) potential GDP in Uruguay doubled between 2000 and 2008. D) Uruguay's economy was entered a recession in 2008.
If the government puts price controls on medical care, this will increase the supply of affordable care in the United States
a. True b. False Indicate whether the statement is true or false
A movement along a demand curve is
A) a change in demand and can be caused by a change in consumers' income. B) a change in the quantity demanded and is caused by a change in the price of the good. C) a change in the quantity demanded and can be caused by a change in consumers' income. D) a change in demand and is caused by a change in the price of the good.
"Near-monies" are included in:
A. both M1 and M2. B. M2 only. C. M1 only. D. neither M1 nor M2.