The voting members of the Federal Open Market Committee are
A) all of the members of the Board of Governors and five of the presidents of the 12 Federal Reserve banks.
B) only the members of the Board of Governors.
C) the presidents of the 12 Federal Reserve banks and three members of the Board of Governors.
D) all of the members of the Board of Governors and all of the presidents of the 12 Federal Reserve banks.
A
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Who decides control of a corporation?
What will be an ideal response?
A typical society strives to get the most it can from its scarce resources. At the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner. In other words, the society faces a tradeoff between
a. guns and butter. b. efficiency and equality. c. inflation and unemployment. d. work and leisure.
The notion that equally situated individuals should be taxed equally is referred to as
A. horizontal equity. B. vertical equity. C. the benefits principle. D. the Gini principle.