Since 1940 the percentage of elementary and secondary educational expenditures financed by local governments _____
a. declined by around 10 percentage points
b. increased by around 10 percentage points
c. increased by around 5 percentage points
d. declined by around 15 percentage points
d
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Why are real interest rates more important than nominal interest rates with regard to analyzing the supply and demand of loanable funds?
During the mid to late 1990s, the incentives for investment spending were provided by rising
a. aggregate demand. b. real interest rates. c. levels of corporate taxes. d. levels of capital gains taxes.
Are funds available on a credit card included in a definition of the money supply?
a. Yes, because these funds can be used to pay for goods and services. b. Yes, because these funds are included in M2. c. No, because these funds are hard to measure total credit card spending. d. No, because these funds are not a store of value.
Regulation of industry is usually carried out by special government agencies that administer and interpret the law.
Answer the following statement true (T) or false (F)