Increases in interest rates are often blamed on
A) Congress.
B) the President.
C) the Fed.
D) the U.S. Treasury.
C
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According to the government budget constraint, any excess of public expenditures and transfers over taxes and user fees must be funded by
A) private borrowing. B) government borrowing. C) U.S. Treasury money creation. D) Federal Reserve money creation.
To calculate GDP using the value-added method, one would add up
A) the market value of final goods and services produced during a particular period. B) only the value added by the underground economy. C) the value added by each firm involved in the production of final goods and services. D) the market value of intermediate goods and services produced during a particular period.
Hyperinflation is defined as an inflation rate:
A. that doubles each year. B. that exceeds 50 percent per month. C. that increases rapidly in one year and decreases rapidly the next year. D. that is moderately high but anticipated.
If the employer is only permitted to hire members of the labor union, the workplace is called a(n)
a. closed shop b. collective shop c. agency shop d. union shop e. open shop