Author Question: The Board of Governors is the body responsible for setting and implementing monetary policy targets ... (Read 53 times)

Pea0909berry · **on:** Jun 30, 2018

The Board of Governors is the body responsible for setting and implementing monetary policy targets for the Federal Reserve System.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the below is true?
a. A price ceiling reduces the quantity exchanged on the market, but a price floor increases the quantity exchanged on the market.
b. A price ceiling increases the quantity exchanged on the market, but a price floor decreases the quantity exchanged on the market.
c. Both price floors and price ceilings reduce the quantity exchanged in the market.
d. Both price floors and price ceilings increase the quantity exchanged in the market.