In the circular flow diagram, the value of all the income in the economy is greater than the value of goods and services produced in the economy

In the market for reserves, when the federal funds rate is above the interest rate paid on excess reserves, the demand curve for reserves is

A) vertical. B) horizontal. C) positively sloped. D) negatively sloped.

The members of the Federal Reserve Board of Governors serve:

a. 6-year terms. b. 4-year terms. c. 10-year terms. d. 14-year terms. e. 2-year terms.