The amount the government spends in excess of what it takes in each year is called the debt.
Answer the following statement true (T) or false (F)
False
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When inflation threatens, which of the following responses is the Fed likely to make?
a. expand the money supply b. lower the discount rate and thereby the cost of borrowing by banks c. lower interest rates d. sell off government bonds to banks and others thereby reducing the funds banks can lend to individuals and businesses
How is the United States able to loudly proclaim its democratic values in the face of its history of low voter turnout?
a. Voter turnout is the most crucial aspect of democratic culture, but surveys measuring American voter turnouts have historically been inaccurate. b. Voter turnout is not an inherently crucial aspect of democratic culture. c. American citizens generally see democracy more as a virtue to be exported abroad rather than practiced at home. d. A majority of American voters believe it is more patriotic to stay home rather than vote due to their belief in smaller government.
Which of the following best describes the viewpoint conveyed in the quotation?
What will be an ideal response?
______ include(s) public agencies and the programs and services they implement and manage.
a. Bureaucracy b. Standard operating procedures c. Red tape d. Administrative redundancy