The main policy-making organization of the Federal Reserve System is the ________.
A) U.S. Mint
B) U.S. Treasury
C) Joint Congressional Committee on Monetary Policy
D) Federal Open Market Committee
Question 2
Classical growth theory states that
A) growth is maximized when everyone is fully employed.
B) growth is followed by increases in the population, eventually leaving real GDP per person unchanged.
C) growth in real GDP per person is difficult in the beginning but easier in the later stages.
D) advances in technology will always insure a permanent increase in real GDP per person.
