The output-capital ratio (Y/K) depends on the following four determinants. Which determinant of these four is most likely to be affected by government growth policy?

In monopolistic competition, barriers to entry give the firms the power to set their price

Indicate whether the statement is true or false

For how long is the chairman of the board of governors of the Fed appointed and by whom?

a. Appointed for two years by all the other governors b. Appointed for two years by the governor of the New York district branch c. Appointed for two years by the president of the United States d. Appointed for four years by all the other governors e. Appointed for four years by the president of the United States