Author Question: Recall the Application. If the Federal Reserve was making a decision on changing interest rates ... (Read 56 times)

humphriesbr@me.com · **on:** Jun 29, 2018

Recall the Application. If the Federal Reserve was making a decision on changing interest rates

A) the Board of Governors would typically make an equally good decision as would the chairman acting on his own.
B) the Board of Governors would typically make a better decision than the chairman acting on his own.
C) the chairman, acting alone, would typically make a better decision than the Board of Governors.
D) neither the Board of Governors nor the chairman, acting alone, would tend to make accurate predictions.

Question 2

Which figure above shows the effect of a decrease in the number of pizza sellers?

A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) Both Figure B and Figure C