What are the two policy-making bodies of the Federal Reserve?
A) the Board of Governors and the U.S. Congress
B) the Board of Governors and the Federal Open Market Committee
C) the Board of Governors and the Presidents' office
D) the Federal Open Market Committee and the U.S. Congress
Ans: B) the Board of Governors and the Federal Open Market Committee
Economics
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Tax reduction and simplification should ________ long-run aggregate supply and ________ aggregate demand
A) decrease; increase B) increase; decrease C) decrease; decrease D) increase; increase
Economics
An international agreement from 1947 designed to lower tariffs was
A) the General Agreement on Tariffs and Trade. B) the World Trade Organization. C) the World Agreement on Tariffs and Trade. D) the Trade and Tariff Agreement.
Economics