Explain the role the Fed, Congress, and the President play in making monetary policy
What will be an ideal response?
Ultimately the Federal Reserve maintains responsibility for setting monetary policy in the United States. The Federal Reserve Act gives the Board of Governors and Federal Open Market Committee responsibility to conduct monetary policy. The FOMC meets eight times a year to make monetary policy decisions. The Congress does not play a role in setting monetary policy. However, the Board of Governors is required to report on monetary policy and actions to Congress as laid out in the Federal Reserve Act. The President of the United States has a limited role in monetary policy. The President appoints members to the Board of Governors of the federal Reserve and also appoints the Chair of the Board of Governors.
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The answer is: "A reduction in consumers' surplus." What is the question?
A) What is an effect of a rise in price? B) What is an effect of a tariff? C) What is an effect of a quota? D) a and b E) a, b, and c
The decision concerning how the dollars left over from a defense cutback will be distributed is an example of
A. An implementation problem. B. A velocity problem. C. A design problem. D. A goal conflict.
When employees are offered incentives to find new customers, but the aggregate economy is so weak (in recession) that the firm loses consumers, then the incentive plan:
A. must be adhered to no matter what. B. suffers from the problems of external risks that employees cannot overcome. C. suffers from the problem of diminishing reservation utility. D. must be adjusted to make employees work harder in difficult times.
What is the main cause of the uneven distribution of economic growth seen around the world?
What will be an ideal response?