Author Question: The purpose of having the members of the Board of Governors of the Federal Reserve serve ... (Read 122 times)

K@ · **on:** Jun 30, 2018

The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to

A) establish long-standing ties with high-level officials of other nations' central banks.
B) ensure that the governors become well-experienced at policymaking.
C) promote unity of opinion from shared time together.
D) insulate the governors' policy decisions from the influence of presidential elections and politics.

Question 2

Which of the following happens when an economy's labor demand curve shifts to the left without any change in its labor supply curve assuming all else equal?

A) The equilibrium wage rate rises. B) The output of the economy rises.
C) The aggregate price level falls. D) The unemployment rate rises.