Keynes argues that government deficit spending
A. causes economic recession
B. stimulates a sluggish economy and prevents recessions
C. can balance the budget
D. causes increased taxes
B
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Congress is sometimes said to possess the "power of the purse." What is meant by this saying?
a. Only Congress has the power to coin money and regulate its value. b. Congress has the power to ask the individual states to contribute to pay off the national debt. c. The president cannot veto any law that Congress passes if it relates to finances. d. Only Congress has the power to tax and spend.
In South Carolina Highway Department v. Barnwell Brothers (1938), the Supreme Court sustained a South Carolina statute prescribing maximum weights and widths of trucks using the highways of the state because
a. there was no heavy burden placed on interstate commerce. b. the federal government has not regulated highways at this time. c. the safety considerations were more important than the burden placed on interstate commerce. d. None of the above is true.
Which of the following is characteristic of the beginning of demographic transition?
A) Value lag B) Declining birth rates C) Slow population growth D) Low death rates
_________________: Describes relationships between variables, but cannot test causal relationships
Fill in the blanks with correct word