When Fed policy is being used to offset an inflationary gap, which of the following variables increases as a result?
a. Aggregate demand.
b. Investment
c. Net Exports.
d. Interest rates.
d
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The United States bans most imports from all of the following countries except
A) China. B) Cuba. C) North Korea. D) Iran.
The Federal Open Market Committee consists of
A) 12 members, each of which is the president of one of the 12 regional Federal Reserve banks. B) the seven members of the Board of Governors , the Chairman of the Fed, the U.S. Treasury Secretary, and the president of the Federal Reserve Bank of New York. C) the chairman of the Fed, the chairman of the president's council of economic advisors, the U.S. Treasury Secretary, and 4 of the 12 Federal Reserve Bank presidents who serve on a rotating basis. D) the seven members of the Board of Governors , the president of the Federal Reserve Bank of New York, and 4 other Federal Reserve Bank presidents.
One of the reasons for the structure of the Federal Reserve is ________.
a. to insulate monetary policy from politics b. to increase Congress’ influence on monetary policy c. to increase presidential influence on monetary policy d. to insulate fiscal policy from politics