Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
a. The President elects the entire Board of Governors.
b. The Federal Reserve district banks elects the Board of Governors.
c. The Congress elects a board member every five years.
d. One board member's term expires every second year.
e. Only bankers are allowed to be appointed as board members.
d
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Lizzie's preferences are shown in the figure above. Lizzie is just as happy to have ________ as she is to have ________
A) 4 comic books and 12 cookies; 6 comic books and 12 cookies B) 2 comic books and 12 cookies; 11 comic books and 8 cookies C) 2 comic books and 8 cookies; 3 comic books and 5 cookies D) 4 comic books and 12 cookies; 8 comic books and 8 cookies
Ralph wants to buy some milk and a box of cereal. If Ralph buys 2 quarts of milk at $1 per quart, the box of cereal costs 75 cents. If he buys 3 quarts of milk at $1 per quart, the box of cereal is free. For Ralph, the marginal cost of the third quart of milk is:
a. zero. b. 25 cents. c. 75 cents. d. $1.