A key innovation of the Carter administration (1976-1980) was
a. dramatic expansion of Social Security and Medicare programs.
b. large tax cuts, especially for the wealthy.
c. deregulation of airlines, trucking, railroads and the financial services industry.
d. government control of gasoline and food prices.
c. deregulation of airlines, trucking, railroads and the financial services industry.
You might also like to view...
Refer to the scenario above. What is the nominal GDP of the economy in 2012?
A) $47,000 B) $56,000 C) $55,000 D) $49,500
For banks, the central bank acting as a lender of last resort helps to reinforce the effect of deposit insurance and to reassure bank customers that they will not ___________ their money.
a. access b. spend c. find d. lose
Why is voluntary exchange an important source of economic prosperity?
A) All of the above are correct. B) It makes it possible to produce a larger output as a result of gains from division of labor and specialization. C) It makes it possible to produce a larger output as a result of lower per unit costs that often accompany large-scale production. D) It moves goods from people who value them less to people who value them more.
While some economists argue that population growth reduces __________ ?growth, others contend that the opposite is true. The latter economists consequently believe that immigration should be encouraged rather than discouraged.
Fill in the blank(s) with the appropriate word(s).