The president of which Federal Reserve Bank is always a voting member of the FOMC? Why?
What will be an ideal response?
The president of the New York Federal Reserve Bank is always a voting member of the FOMC. The presidents of the other Federal Reserve Banks rotate on and off as voting members. The president of the New York Federal Reserve Bank is always a voting member because the New York Federal Reserve Bank implements the Fed's policy decisions.
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Roughly what was the Democratic Republic of Congo's per capita GDP in 2011?
A) $110 B) $1,100 C) $11,000 D) $110,000
Assume the economy moves from a situation with full employment to one in which the unemployment rate is higher. This can be portrayed as: a. an inward shift of the production possibilities curve
b. an outward shift of the production possibilities curve. c. a movement from a point inside the production possibilities curve to a point closer to the production possibilities curve. d. a movement from a point on the production possibilities curve to a point inside the production possibilities curve.
Recessions are typically associated with increases on interest rates on risky securities coupled with increases on interest rates on Treasury securities
a. True b. False Indicate whether the statement is true or false
An increase in the price of a product
A. increases productivity. B. automatically increases wages. C. would probably decrease total revenues. D. raises the firm's demand for labor.