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Author Question: Which of the following is the official policy-making body of the Federal Reserve System? a. Federal ... (Read 106 times)

cnetterville

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on: Jun 30, 2018
Which of the following is the official policy-making body of the Federal Reserve System?
 a. Federal Advisory Council
  b. The U.S. Treasury
  c. The Federal Open Market Committee
  d. The Board of Governors
  e. The Federal Reserve district banks

Question 2

Suppose there is a reduction in consumer income and an increase in the price of jet fuel, an important resource used to produce air travel. If air travel is a normal good, how will these changes influence the price and quantity of air travel? The price of air travel will (be) ____ and quantity purchased will (be) ____.
 a. decrease; indeterminate
  b. increase; indeterminate
  c. decrease; decrease
 d. indeterminate; decrease


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Ptupou85

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


cnetterville

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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