Question

<pre class=”ql-syntax”>An increase <span class=”hljs-keyword”>in</span>

government purchases will increase aggregate demand because A. consumption expenditures are a component <span class=”hljs-keyword”>of</span> aggregate demand. B. the decline <span class=”hljs-keyword”>in</span> the interest rate will increase demand. C. the decline <span class=”hljs-keyword”>in</span> the price level will increase demand. D. government expenditures are a component <span class=”hljs-keyword”>of</span> aggregate demand. The Federal Open Market Committee (FOMC) is: A. the main policy making committee <span class=”hljs-keyword”>of</span> the Fed, composed <span class=”hljs-keyword”>of</span> the Board <span class=”hljs-keyword”>of</span> Governors <span class=”hljs-keyword”>and</span> the presidents <span class=”hljs-keyword”>of</span> the district Federal Reserve Banks, five <span class=”hljs-keyword”>of</span> whom have voting authority at any given time. B. comprised <span class=”hljs-keyword”>of</span> the twelve presidents <span class=”hljs-keyword”>of</span> the district Federal Reserve banks. C. just another name <span class=”hljs-keyword”>for</span> the Board <span class=”hljs-keyword”>of</span> Governors. D. a seven-member board, with each member serving a fourteen-year term. </pre>

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