The U.S. federal debt that accumulated between 1970 and 2010
A. Caused significant economic damage to the U.S. economy.
B. Occurred at the expense of the foreign sector.
C. Is an asset and a liability for the U.S. economy.
D. Occurred without an increase in the size of the government sector.
Answer: C
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Which of the following is an effect of tariffs on domestic employment?
a. Tariffs raise employment in the economy overall. b. Tariffs reduce unemployment in the affected industry. c. Tariffs raise unemployment in the affected industry. d. Tariffs have no impact on domestic employment.
In 2013, the income share of the lowest quintile was:
A. 3 percent. B. 20 percent. C. 90 percent. D. 47 percent.
In the AD-AS model with a long-run potential growth rate of 2%, a 6 percentage point increase in the money supply growth rate will cause the economy's growth rate to be _____ in the long run.
What will be an ideal response?
The first important federal law passed to regulate monopolies in the United States was the
A) Sherman Act. B) Cellar-Kefauver Act. C) Federal Trade Commission Act. D) Clayton Act.