Are the members of the Board of Governors of the Federal Reserve System elected officials?
What will be an ideal response?
No, the members are not elected. They are appointed by the president of the United States (for 14-year terms) and confirmed by the U.S. Senate.
Economics
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Refer to Table 4.2. If you choose to invest in Japanese bonds, your investment return from Scenario B will be
A) 3%. B) 4%. C) 6%. D) 8%.
Economics
If marginal utility is zero
A) a rational consumer will consume more units next time. B) a rational consumer will consume fewer units next time. C) a rational consumer will not consume additional units. D) a rational consumer will consume more units if the price is zero.
Economics