Which of the following is most sensitive to fluctuations in GDP?
a. government purchases
b. government nonmilitary spending
c. transfer payments
d. military spending
e. interest on the national debt
C
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Federal law required that no two Federal Reserve Board Governors come from the same
A) state. B) political party. C) industry. D) Federal Reserve district.
If the government places a $1.20 tax on each pizza sold
A) consumers will have to pay $1.20 more for each pizza they buy. B) the supply curve will shift left by $1.20. C) the demand curve will shift right by $1.20. D) both the demand curve and the supply curve will shift by 60 cents each.
At the beginning of the 20th century one farmer in the U.S. produced enough to feed ____________ people, and at the end of the century, one farmer produced enough to feed ____________ people
A) 20; 40 B) 7; 15 C) 12; 42 D) 8; 35
The labor force participation rate is the percentage of the adult population that is
A. working or actively looking for work. B. unemployed. C. employed. D. willing to work but unable to find jobs.