The primary purpose of the Federal Open Market Committee (FOMC) is to:
a. set reserve requirements.
b. extend loans to member banks of the Fed.
c. buy and sell government securities.
d. distribute Federal Reserve notes.
e. enforce bank regulations.
Question 2
The impact of computers on U.S. productivity growth:
a. has been disappointingly smallabout one-half percentage point annually between 1972 and 1996.
b. has been dramatic, contributing to significant growth during the early years of the 21st century.
c. has been significant in the health care sector but not elsewhere.
d. has actually been negative in most industries.
e. was greater during the period 19721990 than it has been since that time.
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