What branches of the government play a role in enacting the federal budget?
What will be an ideal response?
the President, the House of Representative, and the Senate
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If the Fed wants to depreciate the U.S. dollar against the British pound, it will ________
A) sell foreign exchange B) decrease the money supply C) sell British pounds D) sell U.S. dollars
When interest rate rise consumers will
A) compare loan payments with the desirability of goods in the future and increase consumption. B) compare loan payments with the desirability of goods today and increase consumption. C) wait to borrow funds when interest rates fall. D) none of above.
An example of a poverty trap is:
A. the malnourished not having enough energy to develop their economy. B. the uneducated leaving the home country for more opportunities. C. those not having basic immunizations dying more from rare diseases. D. All of these are examples of poverty traps.
Suppose that the CPI doubles from 1995 to 2004. That means that prices have risen by
A. 50%. B. 100%. C. 150%. D. 200%.