Author Question: What is the FOMC? Who are the members of the FOMC? What policy does the FOMC decide? What will be ... (Read 53 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
What is the FOMC? Who are the members of the FOMC? What policy does the FOMC decide?
 
  What will be an ideal response?

Question 2

During a recession, firms' expected profit from investment ________ so the demand for loanable funds curve ________.
 
  A) rises; shifts rightward
  B) falls; shifts leftward
  C) rises; shifts leftward
  D) falls; does not shift
  E) falls; shifts rightward



TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

The FOMC is the Federal Open Market Committee. All seven members of the Board of Governors and the 12 Federal Reserve Bank presidents attend and discuss the economy at the FOMC meeting. The voting members of the FOMC, however, are only the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four presidents of the remaining Federal Reserve Banks who serve on an annual rotating basis. The FOMC meets approximately every six weeks to review the state of the economy and decide the monetary policy actions to be carried out by the Federal Reserve Bank of New York.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

For a complete list of videos, visit our video library