Unless there are deaths or resignations, a two-term U.S. President can appoint up to
A) twelve members of the Federal Reserve Board of Governors.
B) eight members of the Federal Reserve Board of Governors.
C) four members of the Federal Reserve Board of Governors.
D) two members of the Federal Reserve Board of Governors.
C
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Which of the following statements is true of the gains to trade?
A) The gains to trade expand as trading partners become more alike. B) The gains to trade shrink as trading partners become more alike. C) The trading nations can enjoy gains to trade even when none of these countries has a comparative advantage in the production of any good. D) The gains to trade are equal for all trading partners.
The natural rate of unemployment
a. is 6 percent. b. is the long-run average rate of unemployment. c. is 4 percent. d. varies between 4 and 6 percent.