Which of the following is the central bank for the United States?
A. the U.S. Mint
B. the Bank of America
C. the Comptroller of the Currency
D. none of these
Answer: D
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Expansionary fiscal policy is used to increase aggregate demand in an attempt to fight rising inflation
Indicate whether the statement is true or false
When we compare poor and rich countries in the world
A) There is much greater dispersion in growth rates in per capita income for the poor countries than for the rich countries. B) The investment rate is higher for poor countries than for rich countries. C) There is much greater dispersion in growth rates in per capita income for the rich countries than for the poor countries. D) Population growth rates are higher in rich countries than in poor countries.
The interest rate effect states that an increase in the price level will cause:
a. a decline in the interest rate. b. a decrease in investment and aggregate expenditures. c. an increase in the equilibrium level of income. d. a decrease in the supply of financial assets. e. an increase in real wealth.
Public choice refers to
A) the decisions and decision-making processes that individuals go through to solve public problems. B) political decisions made in the interest of the public at large. C) the application of economic principles and tools to public-sector decision making. D) the process that individuals undergo to decide what goods and services they will purchase and consume. E) the process that individuals undergo to decide whether or not they will pursue a career government service.