The President of the United States appoints the
A) directors of the Federal Reserve regional banks.
B) presidents of the Federal Reserve regional banks.
C) Federal Advisory Council.
D) members of the Board of Governors of the Federal Reserve.
D
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If both market demand and supply increase simultaneously, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____
a. indeterminate; decrease b. increase; increase c. increase; indeterminate d. decrease; decrease
Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real GDP and current international transactions balance in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. Real GDP remains the same and current international transactions balance becomes more negative (or less positive). b. Real GDP rises and current international transactions balance becomes more negative (or less positive). c. Real GDP and current international transactions balance remain the same. d. Real GDP rises and current international transactions balance remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.