What two parts of the government determine the federal budget?
A) the Congress and the President
B) the Congress and the Federal Reserve
C) the Federal Reserve and the FOMC
D) the U.S. Treasury and the Federal Reserve
E) the President and the Federal Reserve
A
Economics
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Ongoing inflation means the Fed must respond to
a. an upward-shifting AS curve b. a downward-shifting AS curve c. changing interest rate targets d. a depression e. a lower real interest rate
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The chair of the Board of Governors of the Federal Reserve is
a. appointed by the U.S. president. b. elected by the twelve Federal Reserve Banks. c. elected by member banks. d. appointed by Congress.
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