Answer the following statement(s) true (T) or false (F)
1. The government can combat inflation by slowing aggregate demand.
2. A contractionary fiscal policy attempts to combat recession.
3. Discretionary fiscal policy relies on changes in taxes and/or spending.
4. Federal borrowing can benefit the economy when it supports income and spending levels.
5. The evidence from the 1980s supports the outcomes predicted by the supply-side economists.
1. T
2. F
3. T
4. T
5. F
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In the opening dialogue, the uninformed students considered the framers of the Constitution to be ________.
A. above politics B. politicians just like modern ones C. dead, white males D. uneducated
Which of the following groups was most concerned with the lack of a Bill of Rights in the Constitution?
a. federalists b. antifederalists c. socialists d. communists
What are the four stages of the normal business cycle described in the textbook? How does this cycle relate to the current state of the U.S. economy?
Answer:
The term that describes broad groups of individuals who share an interest in a given social issue is a/an:
A. ethnic group B. ideological camp C. social movement D. distributional group