Each district bank of the Fed comprises of nine board of directors of which three are appointed by the:

Suppose the Federal Reserve lowers the federal funds rate. Put the following changes in order in which they occur, starting with the changes that take place almost immediately and ending with the changes that may occur up to a year afterwards:

i. Quantity of money increases. ii. Quantity of reserves increases. iii. Aggregate demand increases. iv. The long-term real interest rate falls. A) ii-i-iv-iii B) i-ii-iii-iv C) i-ii-iv-iii D) ii-i-iii-iv E) iii-iv-i-ii

Consider the market for broccoli. If the price of a pound of broccoli increases, what happens to the supply of broccoli?

A) The supply of broccoli decreases. B) The supply of broccoli increases. C) There will be no change in the supply of broccoli, but instead there is an increase in the quantity supplied of broccoli. D) There will be no change in the supply of broccoli, but instead there is a decrease in the quantity supplied of broccoli.