The Fed's principal decision-making body, which directs buying and selling U. S. government ...

The Fed's principal decision-making body, which directs buying and selling U. S. government securities, is known as the:
a. Federal Deposit Insurance Corporation.
b. District Board of Governors.
c. Federal Open Market Committee.
d. Reserve Requirement Regulation Conference.

QUESTION 2

In a socialistic system, most economic decisions are made by:
a. firms. b. consumers.
c. stockholders. d. government planners.

QUESTION 3

If the MPC = .80, and investment rises from 100 to 150, real GDP will increase by:
a. 50.
b. 125.
c. 20.
d. 250.
e. 200.

QUESTION 4

The Federal Reserve System:
a. was created by and is owned by the government.
b. pursues independent fiscal policy at the behest of Congress.
c. never acts to control inflation.
d. pursues an independent monetary policy which can conflict with the government's economic policy.
e. only acts to lower taxes and increase spending when there are recessionary tendencies in the economy.

QUESTION 5

Under socialism, which of the following industries would probably be owned by the government?
a. Steel. b. Electricity.
c. Agriculture. d. All of these.

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The Fed's principal decision-making body, which directs buying and selling U. S. government ...

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