Off-budget expenditures:
What will be an ideal response?
governmentfunded programs that are exempted from the normal budgeting process because the taxes that fund them cannot be used for budgetary items that are subject to congressional appropriations
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Explain the relationship among the capital stock, gross investment, net investment, and depreciation
What will be an ideal response?
The fact that resources tend to be specialized is one reason the production possibilities frontier is drawn
a. bowed outward. b. bowed inward. c. as a straight line (but not horizontal). d. as a horizontal straight line.
The "quantitative easing" policies of the Fed during, and following, the financial crisis of 2008-2009,
a. expanded the reserves available to the banking system, leading to a rapid increase in the M1 money supply as banks used the reserves to extend additional loans. b. reduced the reserves available to the banking system, leading to a sharp reduction in outstanding loans and a decline in the M1 money supply. c. expanded the reserves available to the banking system, but the M1 money supply increased slowly because the banks enlarged their excess reserves. d. reduced the reserves available to the banking system, leading to a substantial increase in outstanding loans and the M1 money supply.
A sales tax is
A. a tax assessed on the prices paid for numerous goods and services. B. a tax assessed on a public good. C. the total tax base. D. a tax assessed on personal income.