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Author Question: The quantity demanded of any good or service is ________ during a specified time period and at a ... (Read 74 times)

jCorn1234

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on: Jun 29, 2018
The quantity demanded of any good or service is ________ during a specified time period and at a specified price.
 
  A) the amount people are willing to buy
  B) the amount people are able to buy
  C) the amount people are willing and able to offer
  D) the amount people are willing and able to buy
  E) the amount people are willing to buy because it is the amount sellers are willing to sell

Question 2

Explain the role the Fed, Congress, and the President play in making monetary policy.
 
  What will be an ideal response?


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ladyjames123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Ultimately the Federal Reserve maintains responsibility for setting monetary policy in the United States. The Federal Reserve Act gives the Board of Governors and Federal Open Market Committee responsibility to conduct monetary policy. The FOMC meets eight times a year to make monetary policy decisions. The Congress does not play a role in setting monetary policy. However, the Board of Governors is required to report on monetary policy and actions to Congress as laid out in the Federal Reserve Act. The President of the United States has a limited role in monetary policy. The President appoints members to the Board of Governors of the federal Reserve and also appoints the Chair of the Board of Governors.


jCorn1234

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
Excellent

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