Since the global recession of 2008 and the Troubled Asset Relief Program (TARP), U.S. total public debt, as a share, of GDP has hovered around
A. 15%.
B. 30%.
C. zero.
D. 100%.
Answer: D
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According to this Application, during the late 1980s, Argentina pegged its currency to the U.S. dollar. When the dollar appreciated sharply on world markets after 1995, this caused a large trade deficit in Argentina because
A) Argentina could no longer afford to purchase as many imported products. B) Argentinean exports grew relative to the nation's imports. C) U.S. exports to Argentina declined. D) Argentinean exports became relatively more expensive in global markets.
One way to potentially work around regulators is the practice of suggesting appointees to the regulatory boards and sending lobbyists to argue with the regulatory boards. What is this practice known as?
a. Regulatory capture b. Price capture c. Cost-plus capture d. Monopoly capture
The elements of the stimulus package adopted in 2009 that allowed states to pay $25 per week more than they had being paying in unemployment compensation should be considered
A. monetary policy. B. non-discretionary fiscal policy. C. discretionary fiscal policy. D. neither discretionary nor non-discretionary fiscal policy programs.
In response to the looming credit crisis of 2008, the FDIC
A. advertised nationally that they would stand behind the banks to assure depositors. B. borrowed a large amount of money from the Treasury to buy insolvent banks. C. temporarily increased the amount covered for each depositor to $250,000. D. sold bonds to cover their immediate needs.