Which of the following does the U.S. president appoint and the U.S. Senate confirm?
a. members of the Board of Governors and regional Federal Reserve Bank Presidents.
b. members of the Board of Governors but not the regional Federal Reserve Bank Presidents.
c. the regional Federal Reserve Bank Presidents, but not members of the Board of Governors.
d. neither members of the Board of Governors nor regional Federal Reserve Bank Presidents.
b
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An example of a money flow in the circular flow diagram is
A) a student's payment of tuition to her university. B) the government's operation of the court system. C) the government's financing of the national debt. D) a firm's production of goods to sell to a foreign country. E) a farmer's use of land to grow wheat.
The effects of a price change are always understated by a partial-equilibrium analysis when compared to a general-equilibrium analysis
Indicate whether the statement is true or false