In what ways is the Fed independent of the political process?
What will be an ideal response?
Board members are appointed for long, nonrenewable terms of office, reducing any one president's influence on the board's composition and reducing the temptation for governors to take actions merely to please the president and Congress. In addition, the Fed is financially independent.
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Which of the following is true of the antitrust laws in the United States? They are
A) designed to make the business environment more equitable. B) designed to promote a competitive economy. C) deliberately written in a way to make clear to all what is and what is not allowed. D) deliberately written in a language to promote cooperation among businesses.
Given the following hypothetical data where C = $3,000; I = $1,200; G = $2,000; X ? M = ?$500; depreciation = $200; transfer payments = $800, net domestic product is _____
a. $5,500 b. $5,700 c. $6,200 d. $6,400 e. $6,900