According to the textbook, when recession threatens, how does the Fed typically respond?
a. by expanding the money supply and lowering interest rates
b. by raising the discount rate and thereby the cost of borrowing by banks
c. by raising the prices of certain products in the marketplace
d. by raising the reserve requirement of banks and thereby reducing the amount of money they have to loan out
Answer: a
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What happened at the Annapolis Convention?
a. Delegates called for a convention to rework the Articles of Confederation. b. The Declaration of Independence was approved by all thirteen states. c. Delegates resolved disputes between Virginia and Maryland regarding commerce and navigation rights. d. The Articles of Confederation were scrapped and a new constitution was written and approved.
According to the text, what is a bicameral institution and why did the Founders create a bicameral Congress?
What will be an ideal response?
The idea that the governments of states are subject to no higher authority is
a. national interest. b. collective security. c. state sovereignty. d. balance of power.
Choosing a topic and forming the conversation and all messages around that topic is an example of which news management technique?
a. tight control of access to the politician b. tight control of information c. an effort to bypass the White House press corps d. prepackaging the news in sound bites