During which of the following years did the Fed fail to pursue a policy aimed at stabilizing the output ratio?

Which of the following is true of International Banking Facilities (IBFs) in the U.S.?

a. IBFs were legalized by the Federal Reserve Board in 1970. b. IBFs are bookkeeping systems set up in existing bank offices of the U.S. to record international banking transactions c. IBFs are "shell" bank branches of U.S. banks in the Caribbean. d. Loans extended by the IBFs are subject to reserve requirements and interest rate regulations. e. IBFs are allowed to extend loans to the residents and businesses of the United States and not to the nonresidents.

Danica is running for office. A survey showed that most voters in her district describe themselves as conservative but not extremely conservative. Her opponent is running as a moderate. How should Danica position herself to get the most votes and win the election?

a. as a liberal b. as a moderate c. as slightly more conservative than her opponent d. as slightly more liberal than her opponent