Monetary policy decisions, such as the target growth rate in the money supply or the target level for interest rates, are set by the
a. president and congress.
b. Federal Reserve Board of Governors.
c. Shadow Open Market Committee.
d. presidents of the Federal Reserve banks.
e. Federal Open Market Committee (FOMC).
E
You might also like to view...
Unlike markup pricing, the strategy of price discrimination is totally independent of the price elasticity of demand for the good in question
Indicate whether the statement is true or false
An example of a market subject to adverse selection would be:
A. the used car market. B. the insurance market. C. the financial market. D. All of these statements are true.
Macland can produce 210 sweaters or 30 airplanes. Microland can produce 150 sweaters or 10 airplanes. Since Macland can produce more than Microland,
a. Macland will benefit from trading, but Microland will not as it does not have an absolute advantage. b. neither country will benefit from trade because Macland has an absolute advantage in both goods. c. both Macland and Macroland will benefit as the opportunity costs are different. d. Microland will benefit, but Macroland will not because it has an absolute advantage in both goods.
Your friend tells you that her dad just suffered from a stroke because his blood pressure and cholesterol were too high. You know that your own father also has high blood pressure so you become worried that he will also have a stroke. This is an example of which systematic mistake that people make?