Which of the Following Is a False Statement About the Structure

question 40

Multiple Choice

Which of the following is a false statement about the structure of the Federal Reserve System?

• A) Banker and business interests are reflected
• B) State and regional interests are reflected
• C) Government (public) and private interests are reflected
• D) Exporter and importer interests are reflected

---

Definitions:

Fiscal Policy

Economic strategies involving tax and expenditure decisions by the government to affect the national economy.

Deflationary Gap

A situation in which the total spending in an economy is lower than the necessary amount to achieve full employment or potential output.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specified period.

MPC

The marginal propensity to consume, which measures the portion of additional income that an individual spends on consumption instead of saving.