The Federal Open Market Committee (FOMC) is responsible for managing the nation's
A) domestic economic policy.
B) international trade policy.
C) money supply.
D) gold and silver reserves.
E) wage and retirement policies.
C
Economics
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If unit costs increase as the quantity of production increases and all inputs are variable, then a firm is experiencing
A) constant returns to scale. B) economies of scale. C) diseconomies of scale. D) falling economies of scope.
Economics
Payments made by the government that do not require an exchange of economic activity in return are also known as
A. built-in stabilizers. B. government spending. C. transfer payments. D. fiscal multipliers.
Economics