The Chair of the Federal Reserve Board of Governors can be described as one of the most powerful individuals in the US economy.

Scarcity means:

Members of the Federal Reserve Board of Governors are appointed to 14-year terms to provide a level of isolation from political influence.

The use of money and credit controls to change macroeconomic activity is known as:

Mark all that apply.  Expansionary Monetary Policy will

Members of the Federal Reserve Board of Governors are appointed to 14-year terms to provide a level of isolation from political influence.

The use of money and credit controls to change macroeconomic activity is known as:

Suppose Bank of America has checkable deposits of $5,000,000 and a reserve requirement of 10%.  What is the potential increase in the money supply?

True or False.  To deal with bank runs, congress put in place borrowers insurance and the lender of least resort.

True or False.  Future budget deficits are predicted due to the aging population expense its affect on decreased payroll taxes and social security and medicare taxes collection.