The largest fiscal stimulus package enacted in U.S. history was done during whose administration?
A. President Barack Obama
B. President Bill Clinton
C. President George W. Bush
D. President Donald Trump
Answer: A
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In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed and 2 million of the employed are working part-time, half of whom wish to work full-time. The unemployment rate is
A) 9.1 percent. B) 10 percent. C) 14.3 percent. D) 11.1 percent. E) none of the above.
Financial capital is
A. the foreign exchange market. B. funds used to purchase capital goods. C. assets of financial institutions. D. the collection of stock and bond exchanges around the country.
In an economy in which velocity is constant and real output grows at an average rate of 3 percent per year, a 5 percent average rate of growth in the money supply would result in a
a. constant price level. b. low (approximately 2 percent) rate of inflation. c. decline in the general level of prices at an annual rate of approximately 2 percent. d. rate of inflation of approximately 8 percent.
If an inefficient public monopoly cannot provide a service at a price that sufficient numbers of people are willing to pay it:
A. must shut down and leave the industry in the long run. B. can remain in operation by covering its losses with revenue from taxes. C. will seek out more efficiencies. D. should expand operations until demand is satisfied.