The Board of Governors has ___ members, and they are appointed for ___ year terms.

For quantity exchanged to decrease, but the price to rise, there must have been a(n)

a. increase in demand. b. decrease in demand. c. increase in supply d. decrease in supply.

Keynesian analysis stresses that a tax cut that increases the government's budget deficit (or reduces its budget surplus)

a. is appropriate during a period of inflation. b. will increase the money supply. c. will stimulate aggregate supply and, thereby, promote employment. d. will stimulate aggregate demand and, thereby, promote employment.