Which of the following is responsible for decision making regarding the purchase and sale of bonds by the Fed?
a. the chairman of the Board of Governors of the Federal Reserve System
b. the Federal Open Market Operations Committee
c. the U.S. Secretary of Treasury
d. the president, with the advice and consent of the chairman of the Council of Economic Advisers.
B
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The key idea of the real business theory is that potential output itself will remain stable over time
Indicate whether the statement is true or false
The main difference between stabilization policies and structural reform policies is that stabilization policies
A) focus on microeconomic issues and structural reform policies focus on the macroeconomic environment. B) focus on macroeconomic issues and structural reform policies focus on the microeconomic environment. C) are rarely used by reform governments; they prefer to use structural reform policies in their place. D) create less unemployment than structural reform policies.