The political business cycle theory predicts that A political factors over

The political business cycle theory predicts that a

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42) The political business cycle theory predicts that A) political factors over which the Fed has no control are most important in explaining the business cycle. B) the Fed acts to promote the interests of the general public. C) the President's appointments to the Board of Governors will usually be politicians. D) the Fed acts to stimulate economic activity before an election. 43) The members of Federal Reserve district bank boards of directors who are bankers are known as 44) Most of the Fed's earnings come from
45) How many Federal Reserve districts are there? 46) Members of the Board of Governors are A) elected by the district bank presidents. B) appointed by the Securities and Exchange Commission, subject to congressional veto. C) appointed by the National Monetary Commission. D) appointed by the President of the United States, subject to confirmation by the Senate. 47) What is the length of a term for the Chairman of the Board of Governors? 48) The beige book is prepared by 49) The national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the A)
50) Why didn't the surge in the monetary base between 2008-2012 lead to a similar surge in the money supply? A) Nonborrowed reserves declined, offsetting the increase in the monetary base. B) The excess reserve-deposit ratio rose significantly, resulting in a much smaller money multiplier. C) The currency-deposit ratio rose significantly, resulting in a much smaller money multiplier. D) The Fed increase the required reserve ratio, resulting in a much smaller money multiplier. 51) The size of the money multiplier depends upon all of the following EXCEPT 52) If currency outstanding equals $500 million, checkable deposits equal $2 billion, reserves equal $200 million, and the required reserve ratio is 0.10, the money multiplier equals

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