Author Question: For how long is the chairman of the board of governors of the Fed appointed and by whom? a. ... (Read 51 times)

kamilo84 · **on:** Jun 30, 2018

For how long is the chairman of the board of governors of the Fed appointed and by whom?
a. Appointed for two years by all the other governors
b. Appointed for two years by the governor of the New York district branch
c. Appointed for two years by the president of the United States
d. Appointed for four years by all the other governors
e. Appointed for four years by the president of the United States

Question 2

A flood damages many homes and farms in the Midwest. Shortly thereafter, the price of plywood rises significantly. The events suggest that:
a. a decrease in the supply of plywood caused the price of plywood to rise.
b. an increase in the supply of plywood caused the price of plywood to rise.
c. a decrease in the demand for plywood caused the price of plywood to rise.
d. an increase in the demand for plywood caused the price of plywood to rise.