Which of the following statements regarding the role of the federal government in the economy is correct?
a. The Federal Reserve Board has primary responsibility for setting fiscal policy.
b. Most Americans would prefer an economy completely free of any federal regulations.
c. The scope of federal activity in the economy contracts during economic downturns and expands during economic recoveries.
d. Presidential election outcomes are heavily influenced by the health of the economy.
d
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Identify and explain the three components of fiscal conservatism.
What will be an ideal response?
Compared to a colleague in the Senate, a House member
A. has a broader constituency. B. is less reliant on staff. C. faces reelection less often. D. usually has more prestige. E. All of these answers are correct.
Please explain how you can control the effects of a third variable in a multivariate cross-tabulation by grouping.
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. The flow of money throughout the bureaucracy provides a tool for controlling the implementation of government programs. 2. The federal budget is just like state and local budgets, having the same amount of resources to sustain deficits and the same amount of fiscal authority that state and local governments do. 3. Government can borrow money in the short term and repay it later. 4. The president’s power in the budget process has diminished over time. 5. The black budget faces strict oversight by Congress