It relates to Federal Reserve activities, the acronym FOMC describes the:
A. Federal Open Market Committee.
B. Federal Options Market Committee.
C. Federal Organization for Monetary Control.
D. Federal Organization for Money Creation.
A. Federal Open Market Committee.
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China is one of the world's largest exporters. As the world's economies slipped into a worldwide recession in 2008, there was a ________ China's aggregate demand curve as China's exports ________
A) rightward shift of; decreased B) movement upward along; increased C) leftward shift of; decreased D) movement upward along; decreased
In an open economy, the government purchases multiplier will be
A) smaller as the marginal propensity to consume increases. B) smaller as the marginal propensity to import increases. C) larger as the marginal propensity to tax increases. D) larger as the marginal propensity to import increases.
Explain the reason behind the declining gap between average cost (AC) and average variable cost (AVC) curves at higher levels of output
Intended investment is
a. always greater at a national income of $800 billion than at a national income of $500 billion b. always smaller at a national income of $500 billion than at a national income of $800 billion c. directly proportional to consumption spending d. independent of the level of national income e. always equal to intended saving