The Federal Reserve Open Market Committee includes the seven members of the Board of Governors, presidents of five of the twelve district banks, and the Secretary of the Treasury
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The U.S. provides about _____ percent of the annual membership fees of IMF member countries
a. 5.6 b. 10.2 c. 15.3 d. 17.3 e. 22.4
In order to increase the money supply, the banking system must have which of the following?
What will be an ideal response?
All of the following are criticisms of the Lorenz curve analysis EXCEPT
A. it does not take into consideration lifetime earnings. B. the inequality gap is not an issue that economists study. C. different sizes of households are ignored. D. income-in-kind is not figured in.
Efficiency wage theory suggests that firms may hold wages above the market clearing rate because
A. unspoken agreements between workers and firms are in place. B. they believe that the productivity of workers increases with the wage rate. C. long-term contracts fix wage rates for a period of one to three years. D. it is required by law that they do so.