The Federal Reserve System
A. has regional Federal Reserve Banks that make most of the decisions.
B. makes decisions subject to the approval of the President.
C. makes its major policy decisions in its Open Market Committee.
D. makes decisions subject to the approval of Congress.
C. makes its major policy decisions in its Open Market Committee.
You might also like to view...
A profit-maximizing monopolist produces an output level that is allocatively inefficient because
a. price is greater than marginal cost b. price is less than marginal cost c. marginal revenue is greater than marginal cost d. marginal revenue is less than marginal cost e. consumers wish to purchase all that is produced
Which of the following is closest to the definition of capital?
a. c and e. b. c and d. c. Tools, equipment, means of transportation d. Factories and machinery. e. Borrowed money.
Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?
a. The wages paid by multinational firms to their poor countries' subsidiaries are higher than the wages paid in rich countries. b. Poor countries that participate in globalization have quickly become rich. c. Multinational firms tend to pay higher wages than local firms, but they tend to provide lower benefits than existed in the country prior to globalization. d. Multinational firms must sign contracts with the IMF stating that they will offer exceptional worker benefits. e. Multinational firms tend to pay higher wages than local firms and tend to provide greater benefits for workers than existed in the country prior to globalization.
If a person could increase total utility by purchasing more candy and fewer apples, then the
a. total utility from candy must exceed the total utility from apples b. marginal utility of candy must exceed the marginal utility of apples c. marginal utility per dollar spent on candy must exceed the marginal utility per dollar spent on apples d. total utility per dollar spent on candy must exceed the total utility per dollar spent on apples e. marginal utility per dollar spent on candy must be less than the marginal utility per dollar spent on apples