How have government policies and programs affected the volatility of the business cycle in the United States since 1950? Explain and provide at least two specific examples of policies or programs that may have had an impact
What will be an ideal response?
Government programs like unemployment insurance and Social Security have helped to shorten recessions since they provide additional income to individuals who might not otherwise be able to continue consumption spending. Since the Great Depression the federal government has also become more actively committed to maintaining low unemployment, which may have reduced the severity of recessions and prolonged expansions.
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Refer to the table above. For trade to occur along the lines of comparative advantage, wages in A relative to wages in B (measured in the same currency)
A) must be at least twice but less than 3 times as great. B) must be less than three times as small. C) must be greater than $2 but less than $3. D) Need more information to answer.
State and briefly define the tools of monetary policy available to the Federal Reserve.
What will be an ideal response?
The Internet has allowed an increasing number of goods and services to be traded in national markets.
Answer the following statement true (T) or false (F)
The Public Broadcasting Service and National Public Radio are examples of
A. nonprofit government-funded organizations. B. private for-profit companies. C. government agencies. D. private nonprofit organizations.