Most of the day-to-day power in monetary policy decisions lies with
A) the President of the United States.
B) the Senate Banking Committee.
C) the chairman of the Board of Governors.
D) large commercial banks.
C
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Use the following graph to answer the next question.
Other things equal, a shift of the aggregate supply curve from AS0 to AS1 might be caused by a(n) ________.
A. decrease in aggregate demand B. increase in productivity C. decrease in nominal wages D. increase in government regulation
In the foreign exchange market, foreign residents wishing to purchase U.S. exports or U.S. real and financial assets must:
A) demand U.S. dollars by supplying their foreign currency. B) demand U.S. dollars by supplying U.S. dollars. C) supply U.S. dollars by demanding their foreign currency. D) none of the above.
If prices in the bond market become more volatile, everything else held constant, the demand curve for bonds shifts ________ and interest rates ________
A) left; rise B) left; fall C) right; rise D) right; fall
This table shows price and quantity produced for a single firm in a perfectly competitive market.PriceQuantity$1023$1024$1025$1026Given the information in the table shown, what is the average revenue when 24 units are produced?
A. $10 B. $240 C. $24 D. $2.40