Compared to proportional-representation systems, two-party systems are thought to lead to:
A. more centrist politics.
B. a greater variety of policy getting passed.
C. very little legislation actually getting passed.
D. less centrist politics.
Answer: A
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The largest percentage of banks' holdings of securities consist of
A) Treasury and government agency securities. B) tax-exempt municipal securities. C) state and local government securities. D) corporate securities.
If ________, net exports are zero
A) imports equal transfer payments B) imports exceed exports C) exports exceed transfer payment D) exports equal imports
If the natural unemployment rate is 5 percent and the actual unemployment is 3 percent, then Okun's Law concludes that real GDP is
A) 2 percent greater than potential GDP. B) 4 percent less than potential GDP. C) 3 percent greater than potential GDP. D) 4 percent greater than potential GDP. E) 2 percent less than potential GDP.
An expansion ends when the economy hits a trough and then enters a recession
Indicate whether the statement is true or false