The Main Message in Application 8

Multiple Choice

The main message in Application 8.3, "Who Is the Most Powerful Person in the United States?"is that:

A) the president of the United States is unquestionably the most powerful person.
B) because people pay great attention to their economic wellbeing when voting, candidates running for public office are the most powerful people in the United States.
C) power is equally divided between the president and the chairperson of the Federal Reserve because one controls political affairs while the other controls economic affairs.
D) comments by the chairperson of the Federal Reserve can have a greater impact on people's expectations and on securities markets around the world than comments by the president.