The twin responsibilities of the Federal Reserve is called the:
A. dual mandate.
B. double duty.
C. twin spin.
D. two tasks.
A. dual mandate.
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In the late 1920s, the U.S. economy experienced a decrease in investment, which perhaps triggered the Great Depression. The decrease in investment
A) increased aggregate supply. B) decreased aggregate supply. C) increased aggregate demand. D) decreased aggregate demand. E) increased potential GDP.
Another term for stocks is equity.
Answer the following statement true (T) or false (F)
Over the long run, the U.S. economy:
a. has grown dramatically. b. has shown nominal growth. c. has remained more or less stagnant. d. has not produced enough capital goods.
Bart spends hours studying issues and votes in every election, hoping he may change something. Craig learns the basics about each candidate and votes if he feels the election will be close. Doug knows nothing about elections, has never voted, and has never thought about elections or why he behaves this way. Eugene promotes socialist candidates and votes for socialists in every election as a matter of principle, even though there is usually no chance of them winning. Which of these four people best demonstrates the concept of rational ignorance?
a. Bart b. Craig c. Doug d. Eugene