The American Association of Retired Persons (AARP) provides checklists summarizing the voting and attendance records of legislators. Which of the following is true?
a. If the AARP's members were rational, it wouldn't have to do this.
b. This policy is useless if AARP members are rationally ignorant.
c. This policy is intended to reduce voters' rational ignorance by decreasing the cost of information.
d. If AARP members read this information, their rational ignorance would be eliminated.
e. If all voters in the nation read this information, their rational ignorance would be eliminated.
C
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Politicians often argue that a country's standard of living is reduced when it allows imports into the country. Offer an economically sound counter-argument
What will be an ideal response?
How often does the FOMC meet?
a. once a week b. once a month c. two times per year d. eight times per year
The largest of the regional Federal Reserve Banks is located in:
A. Kansas City. B. New York City. C. San Francisco since it serves almost one-third of the country. D. Washington D.C.
According to Congressional Budget Office (CBO) projections:
A. budget deficits are expected to give way to surpluses by the year 2017. B. Social Security will become insolvent by 2017. C. expiration of tax cuts in 2015 will cause the budget deficit to rise to record highs by 2017. D. budget deficits are expected to remain large for the next several years.