When the Fed sells a bond, it
A. invests the proceeds in the stock market to aid economic development.
B. removes money from circulation, equivalent to the value of the bond.
C. increases the amount of money available to make loans and buy goods.
D. uses the profits to decrease the federal debt.
E. deposits the money it receives from the sale in one of its member banks.
Answer: B
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Use the gssFT2012.dta (note “FT”—not the gss2012.dtav) data file to answer the following question. Create a table that shows the average income (coninc) by level of happiness (happy). In your table, format the numbers so there are only whole numbers or no numbers to the right of the decimal point. Then, test whether the average income is the same for each level of happiness.
Can you reject the null hypothesis or hypotheses that you identified in part A?
Due to the activism of the Warren Court, the term judicial activism has often been linked with _____.
A. liberalism B. dictatorship C. libertarianism D. conservatism E. communism
General law cities are usually those cities with _________.
What will be an ideal response?
Which of the following statements about whistle-blowing is most accurate?
A. While whistle-blowing is a theoretical possibility, there are no instances of it in American history. B. Most civil servants view whistle-blowing as an excellent career move that will help them jump several GS grades. C. Congress has offered financial rewards to whistle-blowers in some instances. D. It is a common practice and one of the most consistent checks on executive abuse. E. In order to maintain smoothly-functioning bureaucracies, Congress has made most instances of whistle-blowing illegal.