The chair of the Board of Governors of the Fed is appointed by the president

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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The difference between the maximum price a consumer is willing to pay for a product and the actual price the consumer pays is called

A. utility. B. market failure. C. consumer demand. D. consumer surplus.

Economics

To calculate GDP using the income approach, one of the adjustments made to net domestic product at factor cost is to

A) add investment. B) subtract indirect taxes less subsidies. C) add consumption expenditure. D) subtract investment. E) add depreciation.

Economics

What is the Earned Income Tax Credit?

What will be an ideal response?

Economics

If the demand for a good is inelastic, an increase in its price will result in a decrease in total revenue

a. True b. False Indicate whether the statement is true or false

Economics