The Federal Open Market Committees
A. include all seven members of the Board of Governors, the President, and ranking members of the Senate and Congress.
B. conduct the most important parts of monetary policy.
C. has complete control over the entire financial system.
D. is responsible for the fiscal policy of the United States.
B. conduct the most important parts of monetary policy.
You might also like to view...
Which of the following statements is false?
Game Matrix IV
The following questions refer to the game matrix below.
Player A can play the strategies UP and DOWN and Player B can play the strategies LEFT and RIGHT.
a. Player A has a dominant strategy.
b. Player B has a dominant strategy.
c. This is a Prisoners' Dilemma.
d. This game has no Nash Equilibrium.
Suppose the demand for widgets is given by QD = 100 - 5p - pd + 2Y, where Y is average consumer income, p is the price of lemons, and pd is the price of doodads. According to this equation, widgets are an inferior good
Indicate whether the statement is true or false
Crowding out is important only in the classical model
a. True b. False
In the base year, real GDP ________ nominal GDP.
A. is equal to B. is less than C. is greater than D. could be greater than or less than