In making policies about the nation's money supply, the Federal Reserve Board
a. operates as an independent entity.
b. must consult each member bank.
c. must consult with Congress.
d. must coordinate all activity with the White House.
a
Economics
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A decrease in taxes will have no effect on real GDP if
A) the tax decrease is offset by an increase in government spending. B) people look at changes in taxes only in the present. C) the Ricardian equivalence theorem holds. D) there is no crowding out.
Economics
The money price of a good is that price
A) expressed in constant 2005 dollars. B) expressed in purchasing power against a common item like bread. C) expressed in today's dollars. D) that would clear the market.
Economics