The seven members of the Board of Governors serve 14-year terms to:
a. reduce political influence.
b. provide steady employment.
c. inhibit independent decisions.
d. prevent illegal appointments.
a
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If GDP per capita in year T is represented by YT, and the GDP per capita in the following year is represented by YT+1, then the formula for calculating growth rate between these two years is ________
A) (YT+1 - YT)/YT B) (YT+1 + YT)/YT+1 C) (YT+1 + YT)/YT D) (YT+1/YT)/100
Assuming the market of soda has a regular downward sloping demand curve and upward sloping supply curve, the tax will ________ the price paid by buyers and ________ the price received by sellers
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
In the United States, since the Great Depression, the federal government has: a. run budget deficits only in periods of recession
b. run a budget deficit in almost every year. c. practiced a policy of annually balancing the budget. d. run budget deficits only in wartime. e. run a surplus in most years.
Increases in the general price level are primarily a macroeconomic issue
a. True b. False