In early 2008, the housing crisis and rising oil prices increased the risk of recession in the United States. What fiscal policy action was taken by Congress and the president to counter these events?
A) Income taxes were raised to reduce the federal budget deficit and reduce interest rates.
B) Taxpayers were given rebates on taxes they already paid.
C) There was an increase in government spending on defense and unemployment compensation.
D) The Federal Reserve cut its target for the federal funds rate.
B
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If real GDP in the United States is growing at an annual rate of 3.2% per capita and Bolivia's real GDP per capita
is growing at a rate of 1.3%, which of the following would we expect in the long run? Assume real GDP per capita in the United States begins at a level above that of real GDP per capita in Bolivia. A) Real GDP per capita in the United States will always be 1.9% higher than real GDP per capita in Bolivia. B) The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will increase over time. C) The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will always be $1.9 trillion. D) The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will shrink over time.
An increase in the price level in Japan relative to the price level in the United States will shift the demand curve for dollars leftward and the dollar depreciates or becomes weaker
a. True b. False Indicate whether the statement is true or false
Wrongful employment discrimination:
a. occurs when employers make hiring, promotion, and pay decisions based on factors unrelated to worker productivity b. in competitive markets, puts the discriminating employer at a competitive disadvantage c. both of the above d. neither of the above
When government uses the judgment by structure criterion, a firm is considered a monopoly only if, for example, it charges excessive prices.
Answer the following statement true (T) or false (F)