The voting members of the Federal Open Market Committee consists of the
A) seven Board of Governor members and the 12 Federal Reserve Bank presidents.
B) seven Board of Governor members and five Federal Reserve Bank presidents.
C) 12 Board of Governor members and the seven Federal Reserve Bank presidents.
D) 12 Board of Governor members and the five Federal Reserve Bank presidents.
E) six Board of Governor members and six Federal Reserve Bank presidents.
B
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What appears to have been one of the major causes of the Asian financial crisis?
What will be an ideal response?
The novelty of Phillips' article was his finding of a ____ correlation between ____ and ____
a. positive; unemployment; the interest rate b. negative; inflation; the exchange rate c. negative; unemployment; inflation d. positive; the rate of growth of the money supply; inflation
In the unemployment rate, part-time workers are: a. not included in the labor force
b. included in the labor force, but counted as unemployed. c. treated the same way as discouraged workers. d. included in the labor force and counted as employed.
Explain why the timing of fiscal policy may be more difficult than the timing of monetary policy
What will be an ideal response?