If Congress fails to pass a budget before the fiscal year starts, then federal agencies may continue to operate only if Congress has passed a:
a. deficit reduction plan.
b. continuing resolution.
c. conference resolution.
d. balanced budget amendment.
b
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Which of the following would lead to a depreciating dollar?
A. A higher federal deficit B. Lower interest rates C. Higher interest rates D. Contractionary monetary policy
A measure defined per unit of time is called a(n) ________ variable.
A. stock B. aggregate C. flow D. nominal
If you will receive $3,000 three years from today and the discount rate is 7 percent, the present value of the $3,000 is
a. $2,779 b. $3,770 c. $1,658 d. $1,962 e. $2,449
Economists began carefully calculating GDP
a. simply because the data was available b. to determine the contribution of specific firms to the economy c. as a result of the problems during the Great Depression d. to make sure that firms were being productive e. to gain insight into the causes of unemployment