When a supervisor asks for opinions in making decisions
a. situational leadership
b. participative leadership
c. autocratic leadership
d. laissez faire leadership
Ans: b. participative leadership
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Members of Congress are able to influence monetary policy, albeit indirectly, through their ability to
A) withhold appropriations from the Board of Governors. B) withhold appropriations from the Federal Open Market Committee. C) propose legislation that would force the Fed to submit budget requests to Congress, as must other government agencies. D) instruct the General Accounting Office to audit the foreign exchange market functions of the Federal Reserve.
If demand is price inelastic:
a) An decrease in price will raise revenue. b) An increase in price decreases revenue. c) An increase in price increases revenue. d) A decrease in price reduces sales.
The federal funds rate is set directly by the Fed.
a. true b. false
A decrease in the average level of prices of goods and services is known as:
a) A recession. b) The business cycle. c) Deflation. d) Inflation.