The seven leaders of the Federal Reserve System headquartered in Washington, D.C. constitute the:
A. Board of Governors.
B. Federal Reserve Bank of Washington, D.C.
C. Federal Open Market Committee.
D. Federal Economic Advisory Board.
Answer: A
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Given the table above, suppose consumption in period two is $40,000. Then, the interest rate rises to five percent, and period-two consumption rises to $41,050. We may infer that ________
A) the income effect is stronger than the substitution effect B) the substitution effect is stronger than the income effect C) the substitution and income effects cancel out D) this consumer has a binding borrowing constraint
From 1975 to 2000, the employment rate in the United States had been
A. Remaining unchanged. B. Decreasing each year. C. Increasing each year. D. Both increasing and decreasing with an overall upward trend.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
In which decade did the labor force participation rate for women in the United States first rise to above 50%?
A) 1940s B) 1960s C) 1970s D) 1990s