Author Question: What is the FOMC? Who are the members of the FOMC? What policy does the FOMC decide? What will be ... (Read 31 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?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library