An example of a policy aimed at economic development that would also indirectly impact poverty would be:
A. food stamps.
B. earned income tax credit.
C. public investments in education.
D. All of these will cause economic growth and positively impact poverty.
Answer: C
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Paper currency that could be redeemed for a specific quantity of an underlying commodity is called
A) commodity money. B) fiat money. C) representative commodity money. D) Federal Reserve cash.
Which of the following is one of the functions of rental prices?
A. to ration the use of existing housing for current consumers B. to signal to the local government when taxes on rental units should be increased C. to redistribute income from renters to landlords D. to redistribute income from landlords to renters
Federal spending as a percentage of GDP is currently expected to
A. increase dramatically between 2014 and 2018. B. stabilize at 22% between 2014 and 2018. C. remain constant at 40% between 2014 and 2018. D. decrease between 2014 and 2018.
Refer to the diagrams. The numbers in parentheses after the AD 1 , AD 2 , and AD 3 labels indicate the levels of investment spending associated with each curve. All figures are in billions. Which of the following would shift the money supply curve from MS 1 to MS 3 ?
A. An increase in the discount rate.
B. Purchases of U.S. securities by the Fed in the open market.
C. Sales of U.S. securities by the Fed in the open market.
D. An increase in the reserve ratio.