Related to the Economics in Practice on P

question 96

Multiple Choice

Related to the Economics in Practice on p. 541: In January 2014, a new Chair of the Board of Governors of the Federal Reserve System was confirmed. This person is

• A) the first Democrat to serve in this position.
• B) the first woman to serve in this position.
• C) the first person to serve in this position who had never previously been employed in the Federal Reserve System.
• D) all of the above

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Definitions:

Labor Union

An organization formed by workers to protect and advance their rights and interests through collective bargaining.

Dismissal

The act of terminating an employee's contract by the employer, often due to redundancy, misconduct, or other workplace issues.

Illegal

Activities or actions that are forbidden by law, regulations, or statutory provisions, thus subject to legal penalties or sanctions.

Neoliberal Market Ideology

An economic philosophy advocating for reduced government intervention, free markets, and an enhanced role for the private sector in economic activities.