The Gramm-Rudman-Hollings Act was passed by Congress in ________ and signed into law by Ronald Reagan.
A. 1978
B. 1986
C. 1992
D. 1995
Answer: B
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In October 2008, Congress passed the ________, under which the Treasury provided funds to banks in exchange for stock
A) Bank Rescue Alliance Treaty (BRAT) B) Mortgage Transfer Agency (MTA) C) Financial Assurance Association (FAA) D) Troubled Asset Relief Program (TARP)
The price ceiling
A. is binding. B. causes a shortage. C. causes the quantity demanded to exceed the quantity supplied. D. All of the above are correct.
Fran runs a doughnut shop in a tiny 3-person town. The accompanying table shows the quantity demand by the three townspeople at various prices. Price Per DoughnutQuantity Demandedby AlQuantity Demandedby BettyQuantity Demandedby Carol10 cents104625 cents92535 cents71550 cents504When the price of a doughnut is 25 cents, what is the market demand for doughnuts?
A. 9 doughnuts B. 16 doughnuts C. 20 doughnuts D. 13 doughnuts
(amounts in billions of dollars)
According to the above table, national income is
A. $11,866 billion. B. $12,637 billion. C. $11,968 billion. D. $11,943 billion.