The Board of Governors of the Federal Reserve System has
A. 12 members serving 14 year terms.
B. 7 members serving 14 year terms.
C. 7 members serving 4 year terms.
D. 12 members serving 4 year terms.
Answer: B
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The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is zero at point
A) x. B) r. C) t. D) u.
Another way to state the efficient markets hypothesis is: in an efficient market
A) unexploited profit opportunities will be quickly eliminated. B) unexploited profit opportunities will never exist. C) all prices can be accurately predicted. D) every financial market participant must be well informed about securities.
The consumption theories proposed by Modigliani and Friedman suggest that during recessions consumers reduce
A) consumption and maintain saving. B) saving and maintain consumption. C) consumption and saving. D) consumption and investment.
If in some year nominal GDP was $28 trillion and real GDP was $32 trillion, what was the GDP deflator?
a. 87.5. b. 114.3. c. 400. d. 896.