An individual voter will likely be concerned with
What will be an ideal response?
only a few special issues (those that exert the most impact on the voter's personal welfare).
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Refer to Figure 5-6. What is the market equilibrium output level?
A) Q2 B) Q1 + Q2 C) Q2 - Q1 D) Q1
Everything else held constant, an expansionary ________ policy will cause the interest rate to rise, while an expansionary ________ policy will cause the interest rate to fall
A) monetary; monetary B) monetary; fiscal C) fiscal; monetary D) fiscal; fiscal
Our "dual" banking system refers to
A) commercial banks and thrifts. B) federal and state chartering and supervision of commercial banks. C) stockholder-ownership and depositor-ownership of depository institutions. D) banks that are members and non-members of the Fed.
The 2009 fiscal stimulus bill represented approximately
A. 5.5 percent of GDP and was designed to close the expansionary gap. B. 5.5 percent of GDP and was designed to close the recessionary gap. C. 7.8 percent of GDP and was designed to close the expansionary gap. D. 7.8 percent of GDP and was designed to close the recessionary gap.