An employee who prepares checks and submits them with supporting documents to the official authorized to sign checks should not be responsible for mailing the signed checks.
a. true
b. false
Answer: a. true
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"Economists have generally come to agree that monetary policy is better suited than fiscal policy for controlling GDP" because
A) money is neutral and therefore changes affect real income but not prices. B) fiscal spending and tax changes affect the economy less than changes in the money supply. C) the Fed can make decisions quickly, Congress and the President more slowly. D) Congress can make decisions quickly, the Fed more slowly.
During the 1870s and 1880s, which technological innovation was NOT introduced?
a. the roller mill to process oatmeal b. steel-bottomed stills c. long-distance pipelines d. the typewriter e. All of the above were introduced.
As interest rates rise,
a. the temptation to borrow increases. b. the cost of carrying the national debt rises. c. the likelihood of a surplus budget increases. d. the need for deficit spending to reinvigorate the economy grows.
Briefly review the history of antitrust legislation in the United States.
What will be an ideal response?