The Board of Governors has ___ members, and they are appointed for ___ year terms.

A. 10; 12
B. 7; 14
C. 14; 7
D. 12; 10


B. 7; 14

Economics

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Suppose that the nominal money supply equals $2 billion and nominal GDP is $16 billion. Then, according to the equation of exchange, the velocity of money equals 8

a. True b. False Indicate whether the statement is true or false

Economics

Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.

A. lower; potential B. higher; potential C. higher; higher D. lower; higher

Economics

If an increase in the monetary base of $8 billion increases the quantity of money by $64 billion, then the money multiplier is equal to ________

A) $64 billion B) 8 C) $8 billion D) 1/8

Economics

An employer asking potential job candidates to perform a test is an example of:

A. screening. B. signaling. C. statistical discrimination. D. building a reputation.

Economics