The Fed's principal decision-making body, where the Fed exercises monetary control over the economy through a 12-person committee that includes all seven members of the Board of Governors, is known as the
a. Federal Deposit Insurance Corporation
b. District Board of Governors
c. Federal Open Market Committee
d. Reserve Requirement Regulation Conference
e. Federal Funds Mandate
C
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Conflict resolution of the stockholder-lender conflict in smaller market-oriented firms is most effectively accomplished by
A) financial intermediation (monitoring). B) financial intermediation (ownership consolidation). C) rating agencies. D) managerial compensation.
If interest rates rise, then velocity should ____ in the Keynesian model and _____ in the Monetarist model
a. rise; fall. b. stay the same, stay the same. c. rise, stay the same. d. fall; rise. e. none of the above
The winners curse is worse when
a. There are fewer bidders b. Your rivals do not have as much information as you do c. Your rivals have more information than you do d. All of the above
Which of the following is not correct?
a. The demand curve facing a competitive firm is perfectly elastic. b. The demand curve facing a monopolist is the market demand curve. c. A monopolist can charge any price and sell any quantity that it chooses. d. A monopolist can alter the market price by adjusting the quantity that it produces.