If the FOMC's directive indicates a change in monetary policy, the account manager at the Fed's Open Market Trading Desk must
A) design dynamic open market operations.
B) design defensive open market operations.
C) seek approval of the change from the Secretary of the Treasury.
D) seek approval of the change from a majority of the presidents of the Federal Reserve district banks.
A
Economics
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Describe the two things that limit the precision of the Fed's control of the money supply and explain how each limits that control
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Refer to Mexico and Japan. What is the cost of producing 1 bolt of clothing in Mexico?
a. 6 hours of labor.
b. 2 bushels of food.
c. 3 bushels of imported Japanese food.
d. 4 bolts of imported Japanese cloth.
Economics