Which part of the Federal Reserve System holds reserves of the member banks?
A. The Federal Advisory Committee
B. The Federal Open Market Committee
C. The Board of Governors
D. The 12 Federal Reserve Banks
Answer: D
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The most people live in ________ economies and the fewest people live in ________ economies
A) emerging market; developing B) advanced; emerging market C) developing; emerging market D) advanced; developing E) developing; advanced
Changes in which of the following shift the short-run Phillips curve?
i. changes in the natural unemployment rate ii. changes in the expected inflation rate iii. changes in the inflation rate A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Consider a large open economy that has a zero current account balance
What are the effects on the world real interest rate, national saving, investment, and the current account balance in equilibrium if (a) future income rises? (b) business taxes decline? (c) government purchases decline? (d) the future marginal product of capital declines?
Which of the following is an example of in-kind transfer?
a. Social security benefits b. Food stamps c. Disability pensions d. Unemployment compensations e. Earned income tax credit