The group that is comprised of five presidents of Fed regional banks and seven Fed governors that gathers around a table to discuss whether to increase interest rates is the:
A. Federal Advisory Council.
B. Federal Depository Insurance Corporation.
C. Federal Open Market Committee.
D. National Federal Reserve Bank.
Answer: C
Economics
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In the Keynesian model, short-run equilibrium occurs
A) where the IS and LM curves intersect. B) where the IS curve, LM curve, and FE lines intersect. C) where the IS curve intersects the FE line. D) where the LM curve intersects the FE line.
Economics
Suppose a society's PPF for food (F) and clothing (C) can be written as 25 = F2 + C2. If all consumers have the same endowment and the same utility function Ui = Fi ? Ci, what is the efficient product mix of food and clothing?
What will be an ideal response?
Economics