Under the Articles of Confederation,
a. only the federal government could issue paper money.
b. only the federal government had the power to levy taxes.
c. the federal government was ultimately responsible any debts incurred by the states.
d. the federal government had a difficult time negotiating military and economic treaties with other nations.
e. All of the above.
d. the federal government had a difficult time negotiating military and economic treaties with other nations.
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List five major sources of income inequality
What will be an ideal response?
Higher rates of employment and substantial per capital output gains seem to occur when the real economic growth rate
a. is less than 1 percent. b. is less than 2 percent. c. exceeds 3 percent. d. is between 1.5 and 2 percent.
The spread between interest rates on low quality corporate bonds and U.S. government bonds
A) widened significantly during the Great Depression. B) narrowed significantly during the Great Depression. C) narrowed moderately during the Great Depression. D) did not change during the Great Depression.
Which of the following will increase the demand for large automobiles?
a. A fall in the price of small automobiles. b. A rise in insurance rates for large automobiles. c. A fall in the price of large automobiles. d. A rise in buyers' incomes (assuming large automobiles to be a normal good).