The purchasing power of money increases as the:
A. demand increases.
B. unemployment decreases.
C. price level falls.
D. production increases.
Answer: C
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Entitlement spending is included in discretionary spending for the U.S. government
Indicate whether the statement is true or false
Refer to the Article Summary. The article discusses wealth inequality, and for some people this means a more equitable distribution of wealth is needed in the economy. What is meant by a more equitable distribution of wealth?
A) a more allocatively efficient distribution of wealth B) a more productively efficient distribution of wealth C) wealth distributed based on income levels D) a more fair distribution of wealth
The WTO's intervention against clean air standards
A) has earned it universal approval. B) was done in order to limit national sovereignty. C) has resulted in much criticism. D) has resulted in much criticism among professional economists. E) was championed in developing countries.
The beginning date of the recession of 2007-2009 has been determined by the
A. National Bureau of Economic Research. B. University Interscholastic League. C. Board of Governors of the Federal Reserve System. D. Council on Foreign Relations.