All of the presidents of the regional Federal Reserve banks
a. attend each FOMC meeting.
b. have voting rights at each FOMC meeting.
c. are appointed by the president of the U.S. and confirmed by the U.S. Senate.
d. All of the above are correct.
a
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Most of the income earned by professional athletes and major celebrities can be classified as _________.
Fill in the blank(s) with the appropriate word(s).
Why is economics called an empirical science?
A. because economics uses math to evaluate the usefulness of its models B. because economics has been used to both create and destroy empires C. because economics utilizes only assumptions to evaluate how accurate a model is D. because economics relies on real-world data to determine the usefulness of a model
Which of the U.S. industries below has not seen major shutdowns and layoffs because of free foreign trade?
A. Textiles. B. Financial services. C. Steel. D. Apparel.
Refer to the information provided in Table 14.4 below to answer the question that follows. Table 14.4B's Strategy ?Raise PriceDon't Raise Price?RaiseA's profit $6,000A's profit $20,000?PriceB's profit $6,000B's profit $30,000A's Strategy????Don'tA's profit $30,000A's profit $10,000?RaiseB's profit $20,000B's profit $10,000Refer to Table 14.4. The Nash equilibrium in the game is
A. (Raise Price, Don't Raise Price). B. (Don't Raise Price, Raise Price). C. (Don't Raise Price, Don't Raise Price). D. Both A and B are correct.