In the U.S. the authority to issue currency is held by:
A. the U.S. Mint.
B. the U.S. Treasury.
C. the Federal Reserve.
D. the Office of the Comptroller of the Currency.
Answer: C
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The horizontal axis for an aggregate demand curve measures
A) output of all goods and services measured as a quantity index. B) real Gross Domestic Product (GDP). C) quantity demanded of the representative good. D) disposable personal income.
Which of the following have a positive relationship with household saving?
I. the real interest rate II. disposable income III. expected future income A) I and II B) II only C) II and III D) I, II and III
Employment in the tertiary sector in the 20th century showed
(a) a marked cyclical tendency in harmony with the business cycle. (b) a leveling off in times of recession. (c) a downturn during cyclical expansions. (d) a steady increase since 1900.
The largest income redistribution programs:
a. are funded solely by highly progressive taxation b. pay benefits mainly to those below the poverty line c. both of the above d. neither of the above