The Federal Reserve makes decisions regarding ________ policy while the Congress makes decisions regarding ________ policy.
A. monetary; fiscal
B. fiscal; monetary
C. structural; fiscal
D. fiscal; structural
Answer: A
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Which of the following must cope with scarcity?
A. Individuals B. Companies C. Governments D. Families E. All of the responses are correct.
Referring to Figure 19.2, the effect of an increase in Japanese interest rates is represented by a movement from point
A) d to c. B) b to a. C) c to d. D) d to a.
In a market economy, household income is determined primarily by
a. the age of the head of household b. the gender of the head of household c. luck d. the productivity of labor resources e. government transfer payments
Included in the investment category of GDP under the expenditure approach is the purchase of parcels of land for the purposes of realizing capital gains when real estate values rise
a. True b. False Indicate whether the statement is true or false