Q: Which of the following tools would have likely have the impact of
Which of the following tools would have likely have the impact of raising short-term interest rates the most? a) Cutting the Fed Funds target by one-quarter point b) Buying $1 million dollars in bon...
See AnswerQ: In determining whether the distribution of federal spending among various agencies was
In determining whether the distribution of federal spending among various agencies was correct, an economist would want to make sure a) that each agency manager got what (s) he thought was needed in...
See AnswerQ: To counter the slowing rate of economic growth, liberal economists would
To counter the slowing rate of economic growth, liberal economists would recommend a) taxation and spending policies that decrease aggregate demand. b) taxation and spending policies that increase a...
See AnswerQ: The consensus among economists is that NAFTA’s impact on the U.
The consensus among economists is that NAFTA’s impact on the U.S. economy is a) enormously positive. b) enormously negative. c) marginal in net though it has increased both imports and exports. d)...
See AnswerQ: One unsettling consequence of setting a tax on tobacco sufficiently high to
One unsettling consequence of setting a tax on tobacco sufficiently high to reduce consumption would be a) it would likely reduce Medicare costs. b) it would likely increase tobacco revenues to farm...
See AnswerQ: On a graph of real gross domestic product over time, recessions
On a graph of real gross domestic product over time, recessions appear as a) relatively short and shallow drops on an otherwise increasing path. b) long, sharp declines on an otherwise increasing pa...
See AnswerQ: A 60-month car loan (where no down payment was
A 60-month car loan (where no down payment was made) with a 6 percent interest rate and a monthly payment of $500 would allow the borrower to buy a a) $35,500 car. b) $30,000 car. c) $25,863 car. d...
See AnswerQ: Income inequality, when measured as the percentage of total income going
Income inequality, when measured as the percentage of total income going to the top 1 percent, increased most rapidly during the a) 1950s. b) 1960s. c) 1980s and 1990s. d) 2000s.
See AnswerQ: When choosing to limit trade, a country can impose a tax
When choosing to limit trade, a country can impose a tax on imported goods. This is called a) an estate tax. b) a tariff. c) a quota. d) a capital gains tax.
See AnswerQ: Local telephone service was once an area in which consumers had no
Local telephone service was once an area in which consumers had no choices. Many young people no longer use “landlines,” preferring instead to use their cellular phones. This means that the market has...
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