Who appoints the chairman of the Federal Reserve Board?
A.) the president
B.) congress
C.) state governors
Ans: A.) the president
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Which of the following was not a major policy objective of President Reagan's Program for Economic Recovery?
a. To reduce the growth of government spending b. To reduce the marginal tax rates c. To reduce transparency of governmental agencies d. To reduce inflation by controlling the growth of the money supply
Of the presidents who have served since the Second World War, only four were elected twice
Indicate whether the statement is true or false
The Federal Reserve Board has a variety of monetary tools available to it to influence the economy. Identify and define the most commonly used mechanism of monetary policy and one additional tool of your choice. Discuss the effect of each of these tools on the relevant parties.
What will be an ideal response?
Article 9, known as the "peace clause", of Japan's Constitution
a. prevents the country's Self-Defense Forces from acting abroad. b. specifies that Japan's military spending must be overseen by the United Nations. c. defines Japan as a pacifist nation. d. establishes the country's Self-Defense Forces. e. limits how much the country can spend on its military.