The Federal Open Market Committee (FOMC) is responsible for managing the nation's
A) domestic economic policy.
B) international trade policy.
C) money supply.
D) gold and silver reserves.
E) wage and retirement policies.
C
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Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________, which are influenced by emotional waves of optimism and pessimism—factors he referred to as "animal spirits."
A) unplanned investment spending B) actual investment spending C) planned investment spending D) autonomous consumer expenditures
Which of the following are NOT examples of "convergence"?
A) Japan and Europe B) individual states within the United States C) regions within western Europe D) major nations in Latin America and Western Europe
Public schools are often homogenous because of neighborhood attendance boundaries
a. True b. False
Explain the reasoning behind the shutdown rules. When is it appropriate to operate with a loss?