The voting members of the Open Market Committee are
a. the 7 Governors of the Federal Reserve System.
b. the 12 presidents of the Federal Reserve Banks.
c. the 7 Governors and the Chairman of the Council of Economic Advisors.
d. the 7 Governors and 5 of the presidents of the 12 regional Federal Reserve Banks.
D
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If the market for bottled water is perfectly competitive, how will the following aspects differ in the short run and in the long run?
a. Use of inputs b. Market supply curve of bottled water when firms have identical cost structures c. Profitability of firms with identical cost structures d. Condition to stop production e. Average cost curves of a firm f. Number of firms