Fiscal policy is implemented primarily by
A) local governments alone.
B) the defense department.
C) state governments alone.
D) the federal government.
E) state and local governments.
D
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An unexpected rise in the growth rate of the CPI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
In 1960, national defense comprised about _____ of federal government expenditures
a. one quarter b. one-third c. one half d. two-thirds
Comparative advantage explains how two nations can benefit from trade.
Answer the following statement true (T) or false (F)
The mythical country of Quitar has just established a policy to give very generous in-kind benefits to the nation's poor, currently defined as those earning less than $10,000 a year. Several years later, the poverty rate has not fallen. Why not?