For this reason, they are considered to be "off budget."

What will be an ideal response?


" All other tax and spending categories shown are free of such restrictions and are classified as "on budget." Each of the on-budget spending items is subject to congressional approval, or appropriation, each year.

Economics

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Which of the following is NOT a monetary policy tool?

A) last resort loans B) open market operations C) required reserve ratio D) federal funds rate

Economics

In an open economy, a shift down and to the left of the IS curve could have been caused by

A) a decline in the foreign real interest rate. B) an increase in the demand for domestic goods relative to foreign goods. C) an increase in foreign output. D) a decline in domestic output.

Economics

The market demand for labor will be

A) insensitive to the wage rate in the short run. B) downward sloping. C) the inverse of the market demand for output. D) perfectly inelastic.

Economics

As the time to respond to a change in market conditions increases, the odds of supply being elastic: a. Increase

b. Decrease. c. Stay the same. d. Cannot be determined.

Economics