How many members can serve on the Board of Governors of the Federal Reserve System?
A. 7
B. 9
C. 12
D. 14
A. 7
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Suppose two companies, Macrosoft and Apricot, and considering whether to develop a new product, a touch-screen t-shirt. The payoffs to each of developing a touch-screen t-shirt depend upon the actions of the other, as shown in the payoff matrix below (the payoffs are given in millions of dollars). 
Which of the following statements is correct?
A. Apricot does not have a dominant strategy. B. Apricot's dominant strategy is to not develop a touch screen t-shift. C. Apricot's dominant strategy is to develop a touch-screen t-shirt if Macrosoft does not. D. Apricot's dominant strategy is to develop a touch-screen t-shirt.
The Fed purchases $1 million of U.S. government securities from First Bank. The desired reserve ratio is 10 percent, the currency drain ratio is zero, and banks loan all excess reserves
The Fed's purchase increases First Bank's excess reserves by how much? A) $900,000 B) $1,000,000 C) $1,100,000 D) $10,000,000 E) $100,000
What is the key day-to-day operating tool of monetary policy?
a. corporate stocks b. government bonds c. treasury bills d. domestic commodities
The long-run supply curve would be upward-sloping if:
A. Resource prices fall as industry production contracts B. Resource prices rise as industry production contracts C. Resource prices are not affected by changes in industry output-level D. Resource prices are set by the government