Voting members of the Federal Open Market Committee are
A) the Board of Governors, the presidents of five Federal Reserve Banks, and the Comptroller of the Currency.
B) the Board of Governors and presidents of five Federal Reserve Banks.
C) the Board of Governors and all twelve Federal Reserve Bank presidents.
D) the Board of Governors, all twelve Federal Reserve Bank presidents, and the Secretary of the Treasury.
B
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At the equilibrium consumption bundle, which of the following holds?
A. MRSX,Y = ?PX/PY. B. MRSX,Y = PX/PY. C. MRSX,Y = PY/PX. D. MRSX,Y = ?PY/PX.
Which of the following affects a person's decision to work?
A. the price of consumption goods relative to the wage B. how much the person enjoys working C. the person's income from nonlabor sources D. the amount of fringe benefits offered to the person E. All of the above affect a person's decision to work.