The policy directive from the FOMC is carried out by
A) the presidents of the district banks.
B) the presidents of commercial banks that are members of the Federal Reserve System.
C) the account manager at the Federal Reserve Bank of New York.
D) private dealers in the bond market.
C
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Starting from full employment at the initial target inflation rate, if there is an adverse inflation shock, then the Federal Reserve must _____ in order to keep inflation from becoming permanently higher.
A. increase the target inflation rate. B. decrease the target inflation rate. C. maintain the initial target inflation rate. D. shift the short-run aggregate supply curve up.
The North American Free Trade Agreement established processes that have substantially reduced transborder pollution along the Mexico-U.S. border.
Answer the following statement true (T) or false (F)