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Author Question: When a(n) ________ in investment increases consumption and real GDP, part of the increase in ... (Read 67 times)

bucstennis@aim.com

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on: Jun 29, 2018
When a(n) ________ in investment increases consumption and real GDP, part of the increase in expenditure is on ________, not ________ goods and services.
 
  A) increase; exports; U.S.-produced
  B) decrease; exports ; U.S.-produced
  C) increase; imports; U.S.-produced
  D) increase; imports; foreign-produced
  E) decrease; imports; U.S.-produced

Question 2

The president of which Federal Reserve Bank is always a voting member of the FOMC? Why?
 
  What will be an ideal response?


momolu

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The president of the New York Federal Reserve Bank is always a voting member of the FOMC. The presidents of the other Federal Reserve Banks rotate on and off as voting members. The president of the New York Federal Reserve Bank is always a voting member because the New York Federal Reserve Bank implements the Fed's policy decisions.


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