At the Federal Reserve,
a. the nation's monetary and fiscal policies are made by the Federal Open Market Committee, which meets about every six weeks.
b. the nation's monetary and fiscal policies are made by the Federal Open Market Committee, which meets twice a year.
c. the nation's monetary policy is made by the Federal Open Market Committee, which meets about every six weeks.
d. the nation's monetary policy is made by the Federal Open Market Committee, which meets twice a year.
c
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A rise in the dollar price of the Chinese yuan signals an appreciation of the yuan and a depreciation of the dollar
Indicate whether the statement is true or false
The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Forty percent (40%) of all cars are lemons. Which of the following statements is true?
A) All of the cars will be sold. B) No cars will be sold. C) Only lemons will be sold. D) Ten percent of the used cars sold will be lemons.
A recessionary real shock is associated with an outward shift of the short-run Phillips curve and with a leftward shift of the short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Which of the following contains the two sectors whose percentage contribution to the real GDP has declined since 1900?
A. Manufacturing and exports. B. Services and exports. C. Farming and manufacturing. D. Farming and services.