The United States imports approximately ________ percent of all goods and services produced in the country.
A. 8.
B. 3.
C. 13.
D. 16.
Answer: D
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The distribution of poverty is determined by changing demographic patterns and discrimination
Indicate whether the statement is true or false
The Federal Reserve helped J.P. Morgan purchased Bear Stearns by agreeing to purchase some unwanted Bear Stearns assets
a. True b. False Indicate whether the statement is true or false
Following the U.S. financial crisis in 2008, some observers assert that the policies of Fed Chairman Greenspan contributed to the crisis. Which of the following is a criticism of Greenspan's policies?
I. The very low interest rates used to fight the 2001 recession were maintained for too long, leading to the real estate bubble. II. The Fed provided real estate developers with liquidity to encourage property development and offered tax breaks to first-time home buyers, which in turn fueled the real estate bubble. III. The Fed did not promote appropriate regulations to deal with the new financial instruments that were created in the early 2000s. A) I and II only. B) I and III only. C) II and III only. D) I, II, and III.
A contractionary fiscal policy is a policy that:
A. reduces aggregate demand by decreasing taxes. B. reduces aggregate demand by decreasing government purchases. C. reduces aggregate demand by decreasing interest rates. D. reduces aggregate demand by decreasing money supply.