The Federal Reserve Board of Governors consists of

a. 50 members selected by state legislatures
b. 12 members, one from each Federal Reserve District
c. 12 members nominated by the President and confirmed by the Senate
d. seven members elected by Congress
e. seven members nominated by the President and confirmed by the Senate


E

Economics

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In the period 1950-2011, the inflation rate in the U.S. CPI has

A) varied very little. B) been less variable than the inflation rate in the GDP price deflator. C) been more variable than the inflation rate in the GDP price deflator. D) been substantially equal to the inflation rate in the GDP price deflator every year.

Economics

Typically a mix of informational and persuasive advertising is used for

A) experience goods. B) credence goods. C) credible goods. D) search goods.

Economics

GATT is an example of a successful unilateral approach to achieving free trade

a. True b. False Indicate whether the statement is true or false

Economics

Marginal costs are costs that do not vary with the quantity of output produced

a. True b. False Indicate whether the statement is true or false

Economics