Explain the difference between fiscal policy and monetary policy. How does each tool work? Who is responsible for them?
What will be an ideal response?
Fiscal policy is a tool to achieve economic goals through the budget process. The president and Congress are responsible for these actions. Monetary policy attempts to achieve these goals through changes in the money supply, and the Fed is responsible for this policy. Students should discuss the tools of taxing and spending changes and monetary policy tools (e.g., change in interest rates) and how these may affect the economy. Interrelationships occur because the policies can conflict with each other or cause an “overshooting of the goal.”
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a. prostitution. b. assault. c. robbery. d. white-collar crime.
The prime minister is a. elected by the House of Commons
b. the leader of the party after a general election who controls a majority of seats in the House of Commons. c. directly elected by a majority vote of the whole electorate. d. selected by an electoral college on the basis of votes cast by electors representing England, Scotland, Wales, and Northern Ireland. e. chosen by the monarch.
If you were planning a study that would compare students who were Democrats and Republicans according their degree of support for foreign military action after they were exposed to political advertisements, you could measure their support before
their exposure to the messages. Such a study would involve what design? a. static-group comparison design. b. one-group pretest-posttest design. c. nonequivalent control group design. d. time series design.
Which of the following are considered part of political culture?
a. values b. political ideology c. culture d. lifestyle. e. all of the above