The regional Federal Reserve bank presidents are:
A. selected by the Federal Reserve Board of Directors.
B. allowed to serve no more than two consecutive four-year terms.
C. are responsible for overseeing the day-to-day actions of the regional banks.
D. responsible for ensuring that money supply can adequately meet the demand for money.
C. are responsible for overseeing the day-to-day actions of the regional banks.
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Suppose that the CPI in Thailand was 345 in 2015 and 388 in 2016. The inflation rate between those two years was approximately
A) 11.2 percent. B) 14.3 percent. C) 12.5 percent. D) 43 percent.
When using expert opinion, consumer surveys, test marketing, and price experiments to analyze consumer behavior, managers must consider whether the answers given in these formats represent actual market behavior
Indicate whether the statement is true or false
A principle difference between the original Keynesian model and the new Keynesian model is that in the new version
A) the traditional assumptions of profit maximization is no longer included. B) monetary policy is impotent. C) wages and prices adjust slowly to market conditions. D) All of the above are correct.
Excess demand occurs when
a. the actual price is greater than the equilibrium price b. equilibrium is undefined c. consumer wants are unlimited d. the actual price is less than the equilibrium price e. the market is in equilibrium