Author Question: Which of following policies of the Congress was aimed to place the Fed above politics and maintain ... (Read 42 times)

sdfghj · **on:** Jun 30, 2018

Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
a. The President elects the entire Board of Governors.
b. The Federal Reserve district banks elects the Board of Governors.
c. The Congress elects a board member every five years.
d. One board member's term expires every second year.
e. Only bankers are allowed to be appointed as board members.

Question 2

Technological progress increases the efficiency of mass producing HDTV-capable television sets. At the same time, more cable and television networks begin broadcasting in HDTV format, increasing the appeal of HDTV-capable television sets. On the basis of this information, what can be said about conditions in the HDTV market?
a. The equilibrium quantity and price of HDTV-capable sets will increase.
b. The equilibrium quantity of HDTV-capable sets will increase and price will decrease.
c. The equilibrium quantity of HDTV-capable sets will increase and what happens to price is indeterminate.
d. The equilibrium quantity of HDTV-capable sets will decrease and price will increase.