Which of the following is considered by experts to have relatively little power within the Federal Reserve?
A) The Board of Governors
B) The president of the New York Federal Reserve Bank
C) The economic staff of the Board of Governors
D) The Federal Advisory Council
D
You might also like to view...
Bananas and apples are substitutes. When the price of bananas falls, and a technological advance in apple production occurs at the same time
A) the equilibrium price of apples rises and the equilibrium quantity of apples falls. B) the equilibrium price of apples rises and the equilibrium quantity of apples might rise or fall. C) the equilibrium price of apples rises and the equilibrium quantity of apples rises. D) the equilibrium price of apples falls and the equilibrium quantity of apples might rise or fall.
What does it mean for a producer to internalize an externality?
A) The producer is limiting outsourced production. B) The producer is prohibited from producing products which generate externalities. C) The producer must find ways to address externality problems which extend beyond geographic borders. D) The producer is forced to factor into production costs the cost of the externalities created in their production of output.