Question

1.) The core inflation rate measures changes in the

a.) prices of all consumer goods.

b.) prices of consumer goods except food and fuel.

c.) price of only two consumer goods: food and fuel.

d.) prices of consumer goods except health care.

e.) prices of all the "core" goods and services a typical family buys.

2) The FOMC is the

a.) report the Fed gives to Congress twice a year.

b.) group within the Fed that conducts monetary policy.

c.) name of the meeting the Fed has with Congress twice a year.

d.) interest rate the Fed most directly influences.

e.) report that summarizes the economy across Fed districts.

When the Fed lowers the federal funds rate, the quantity of money ________ and the supply of loanable funds ________.

a.)	increases; increases

b.)	decreases; decreases

c.)	increases; decreases

d.)	decreases; increases