Why do adjustments to interest rates by the Federal Reserve Board matter?
Answer:
An ideal response will:
1. Explain the role of the Federal Reserve in controlling the money supply.
2. Describe how adjusting the interest rate up or down will affect the money supply.
3. Illustrate how lowering the interest rate reduces the cost of money, which makes borrowing easier, which increases spending, affects economic growth.
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A vote of confidence from the legislature is a statement that they are certain they have found a successor to the previous prime minister
Indicate whether this statement is true or false.
The Ninth Amendment asserts that the rights enumerated in the Constitution are which one of the following?
a. ?permanent b. ?guaranteed c. incomplete ? d. ?incontestable
The process of lawmaking is a difficult political process that is full of conflict, and generally it is supposed to be that way.
Answer the following statement true (T) or false (F)
Between 1953 and 1957, China took steps that moved it decisively toward socialism. These included all of the following EXCEPT
a. the collectivization of agriculture. b. implementing a planned economy. c. the government takeover of industries. d. virtually eliminating private property. e. instituting a secret police organization to silence its opponents.