In the fooling model, should an expansion of aggregate demand cause fooling, the actual real wage ________ while the expected real wage ________

The twin responsibilities of the Federal Reserve are:

A. to print money and ensure price stability. B. to ensure price stability and regulate international trade. C. to maintain full employment and balance the federal budget. D. to ensure price stability and maintain full employment.

Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term:

A. In an effort to isolate the Fed from political pressures. B. So that Fed decisions will be based on political considerations. C. To give Congress better control over the money supply. D. In an effort to make the Fed responsive to voters.