The Economic Stimulus Act of 2008:
A. provided about $152B in economic stimulus, primarily through checks sent to households.
B. provided about $152B in economic stimulus, primarily through tax cuts to businesses.
C. provided about $152B in economic stimulus, primarily through checks sent to banks that had made mortgage loans.
D. provided about $600B in economic stimulus, primarily through checks sent to households.
Answer: A
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If there is an autonomous decrease in spending (a leftward shift in the aggregate demand curve) and the Fed wishes to hold real income constant, then the Fed would:
A) decrease the money supply yielding a leftward shift in the aggregate demand curve. B) increase the money supply yielding a rightward shift in the aggregate demand curve. C) hold the money supply constant. D) none of the above.
The process by which new product or production methods are introduced is called the Industrial Revolution
a. True b. False Indicate whether the statement is true or false
Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400 . The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capital gain?
a. $50 b. $75 c. $100 d. $200
Between 1939 and 1944 the United States' national output
A. remained the same. B. nearly doubled. C. nearly tripled. D. nearly quadrupled.