What are the five main economic goals of the United States?
What will be an ideal response?
ANS:
The five major goals of the U.S. economy are (1) full employment—that is, unemployment of 5 percent or less; (2) stable prices—that is, inflation of 2 percent or less; (3) a healthy rate of economic growth—that is, real growth of 3 percent or more; (4) a balanced federal budget; and (5) equilibrium in the U.S. international balance of payments—that is, a stable international value of the U.S. dollar.
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An increase in the real interest rate would cause an increase in the real demand for money
A) no matter what the change in expected inflation. B) if expected inflation fell by less than the rise in the real interest rate. C) if expected inflation fell by the same amount as the rise in the real interest rate. D) if expected inflation fell by more than the rise in the real interest rate.
Bonds without a maturity date are called
A) zero-coupon bonds. B) preferred bonds. C) common bonds. D) consols.
A line item budget _____
a. groups expenditures by congressional district b. groups expenditures by the goals they are trying to achieve c. groups expenditures by the types of items that are purchased d. groups expenditures by special interest
The benefits-received principle of taxation is most evident in:
A. progressive tax rates. B. excise taxes on gasoline. C. the personal income tax. D. the corporate income tax.