Members of the Federal Reserve Board of Governors
A) are confirmed by the House of Representatives.
B) frequently need to deal with political pressures.
C) are members of the Federal Open Market Committee.
D) are appointed to 4 year terms.
C
Economics
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When GDP is less than total spending, GDP will fall
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following problems will most likely occur with a system of flexible exchange rates?
A. Macroeconomic instability as exports and imports fluctuate with the exchange rates. B. Government favoritism toward selected importers of goods and services. C. The emergence of black markets for foreign currency. D. Distortions in trade patterns away from the pattern suggested by comparative advantage.
Economics