The Board of Governors of the Federal Reserve System has
A. 7 members serving 14 year terms.
B. 12 members serving 14 year terms.
C. 12 members serving 4 year terms.
D. 7 members serving 4 year terms.
Ans: A. 7 members serving 14 year terms.
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Which president failed to renew the charter of the Second Bank of the United States?
A) George Washington B) Andrew Jackson C) Franklin Roosevelt D) Lyndon Johnson
The international poverty line at $1.90 a day at purchasing power parity means that in each country the poverty line is the amount that will allow you to buy a basket of goods equivalent to what $1.90 would buy:
A. in the United States. B. in the richest of the countries that uses the index. C. in the poorest of the countries that uses the index. D. in the average economy of all the countries that use the index.
Which of the following statements is correct?
a. For most producers, the average total cost curve never crosses the marginal cost curve. b. The average fixed cost curve must eventually rise. c. The average total cost curve first rises, then falls with increased output. d. The marginal cost curve eventually rises with the quantity of output.
Which of the following is considered a problem with active policy?
a. Estimating the potential output b. Forecasting aggregate demand c. Tools must already be in place to achieve results relatively quickly. d. All of the above are problems with the implementation of active policy