The Federal Open Market Committee consists of the seven members ...

[theo]

The Federal Open Market Committee consists of the seven members of the ________, the president of the Federal Reserve Bank of New York, and ________.
 
  A) Council of Economic Advisors; four members of the U.S. Banking Committee
  B) Council of Economic Advisors; four presidents from the 11 Federal Reserve banks
  C) Federal Reserve's Board of Governors; four presidents from the other 11 Federal Reserve banks
  D) Federal Reserve's Board of Governors; four members of the Council of Economic Advisors

Question 2

Refer to Figure 17-6. If firms and workers have rational expectations, an expansionary monetary policy will cause the short-run equilibrium to move from
 
  A) point A to point B.
  B) point C to point A.
  C) point A to point C.
  D) point B to point A.
  E) point B to point C.

[dominiqueenicolee]

Answer to Question 1

C

Answer to Question 2

C

[theo]

Thank you

[dominiqueenicolee]

Happy to help you