When the Federal Open Market Committee meets it
a. looks only at the state of economy to determine how to conduct monetary operations in order to follow the monetary policy rule set by law.
b. looks at the state of the economy and economic forecasts to determine how to conduct monetary operations in order to follow the monetary policy rule set by law.
c. looks only at the state of the economy to determine the target it will set for the federal funds rate.
d. looks at the state of the economy and economic forecasts to determine the target it will set for the federal funds rate.
d
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To have an effective price support program, the government must
i. isolate the domestic market from the world market. ii. pay the farmers a subsidy. iii. introduce a price floor. A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The account that records foreign investment in the United States minus U.S. investment abroad is the
A) capital and financial account. B) official settlements account. C) current account. D) U.S. official reserves account.