Author Question: All decisions of the Fed are subject to approval by: a. the President of the United States. b. the ... (Read 59 times)

jessicacav · **on:** Jun 30, 2018

All decisions of the Fed are subject to approval by:
a. the President of the United States.
b. the U.S. Congress.
c. the FDIC
d. none of the above

Question 2

If the public expects the incumbent administration to stimulate the economy shortly before an election:
a. the unemployment rate will fall at the cost of higher inflation.
b. the economy will move up the short-run Phillips curve.
c. lower inflation will prevail, and the rate of unemployment will remain unchanged.
d. the economy will immediately move up the long-run Phillips curve.
e. neither inflation nor the unemployment rate will change.