The following have strengthened individual control over private property: taxation, zoning, land-use restrictions and eminent domain law
Indicate whether the statement is true or false
False
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The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.
A. prime B. discount C. Fed funds D. Federal
Refer to the above table. How long would it take for a country to triple its GDP if the GDP grew at a 20 percent rate?
A) 10 years B) 6 years C) 4 years D) 2 years
Assuming all else equal, if ________, net exports are positive
A) exports exceed transfer payment B) imports exceed exports C) imports exceed transfer payments D) exports exceed imports Lawland imports cell phones worth $1,000 billion, and exports coffee worth $820 billion in a year.
Which of the following best illustrates the use of discretionary countercyclical fiscal policy?
a. Congress provides $90 billion in relief aid for hurricane victims. b. Congress appropriates $50 billion to help the needy, and the appropriation is financed by a tax on wealth. c. Income tax receipts are smaller because of a decline in real GDP during a recession. d. Congress passes a bill authorizing $100 billion in additional spending when it receives news of a deepening recession.