The official Federal Reserve strategy for implementing its monetary policy objectives is spelled out in the
A) Federal Reserve Board (FRB) Decree.
B) Federal Reserve Bank Cooperative (FRBC) Proposal.
C) Federal Advisory Committee (FAC) Statement.
D) Federal Open Market Committee (FOMC) Directive.
D
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Which of the following statements are correct about the age-earnings cycle?
A) Earnings generally increase up till age 30 and then steadily decrease. B) Earnings increase throughout a prison's lifetime until they reach retirement. C) Earnings increase with age because workers become more productive as they age until around 50 years. Around 50 the effects of aging outweighs the further increases in productivity. D) Since every person is different we can reach no general conclusions about the age-earnings cycle.
A decrease in the rate of interest, other things being equal, will cause a:
A. rightward shift of the investment demand curve. B. movement upward along the investment demand curve. C. movement downward along the investment demand curve. D. leftward shift of the investment demand curve.