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The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government. Its policymakers, the seven-member Board of Governors, serve 14 year terms with one member appointed every two years. There are 12 Federal Reserve District Banks spread around the county rather than one central bank in Washington, D.C. to carry out the policies established by the Board of Governors.
Why do you think the Fed was set up in this manner? Do you think that it is a good system for establishing and carrying out monetary policy in the country? Some politicians have suggested that the executive and/or the legislative branches of government should have more say or influence regarding monetary policy. In your opinion, would this be a good idea or not?
"After a spike last week as Hurricane Irene threatened East Coast oil refineries, Atlanta gas prices have started falling, according to a website that tracks how much we pay to fill up our tanks. Metro Atlanta's average price early Monday of $3.65 fo..
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
Why is the New York Federal Reserve president always on the FOMC? Does the committee meet often enough? Should its meetings be closed to the public? Have its recent attempts at greater transparency helped its image? In responding to your classmates’ ..
A motor capable of delivering 200 hp to steel rolling mill drive is being evaluated in a present economy study. The selected motor will only be utilized for one year, and it will have no market value at the end of the year. purchase cost, maintenance..
Discuss how the two cases Microeconomic influences on McDonald's in China. Drawing on current business publications, find some update facts for each case that support this theme.
Explain the difference between “supply” and “quantity supplied.” Draw a graph that shows an increase in supply. Draw a second graph that shows an increase in quantity supplied.
q. a major statistics canada household survey the survey of labour and income dynamics or slid the latest of which is
Suppose that 0 workers generate 0 output, 1 worker generates 8 units of output, 2 workers generate 20, 3 workers generate 35, 4 workers generate 45, and 5 workers generate 47 units of output, 6 workers generate 47 units of output, while 7 workers gen..
China has emerged as one of the fastest growing and most significant trading partners for the US. How does growth in China impact welfare in the US? Under what circumstances is Chinese growth good for US welfare and under what circumstances is US wel..
The exchange rate between the dollar and the euro is one dollar to .8 euro (€). The price of a Mercedes is € 45,000; the price of a similar size Cadillac is $38,000. What is the euro price of the Caddy? What is the dollar price of the Mercedes?
The methods used by business can impact the productivity of the factors of production. Explain why this should be a concern for anybody who earns an income.
In the short run, a firm's total costs of producing 100 units of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. Illustrate what is marginal cost of the 101st unit of output.
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