Which of the following has never been a monetary policy tool of the Fed?
A) open market operations
B) the required reserve ratio
C) the discount rate
D) the term auction facility (TAF) program
E) income tax rates
E
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Refer to the table above. Country A has absolute advantage in
A) Good X. B) Good Y. C) Neither X nor Y. D) Both X and Y.
The payment of subsidies to firms who locate in high unemployment, depressed regions
A) is an example of a program to cure job discrimination. B) is an example of a program to cure "mismatch unemployment." C) has been universally successful in curing unemployment. D) is "bribery" and against the law.
The rights of state and local government to regulate, license and control businesses were taken away after the American Revolution
Indicate whether the statement is true or false
If the inflation rate falls, what will happen to the budget deficit?
a. It will rise, because government spending will rise. b. It will rise, because interest payments will rise. c. It will fall, because tax receipts will increase. d. It will fall, because interest payments will fall.