After the September 11, 2001 terrorist attacks, federal government spending
A. increased at a rate much faster than it had before the attacks.
B. increased, but at a rate much slower than it had before the attacks.
C. increased, but at a rate almost exactly the same as it had before the attacks.
D. was cut.
Answer: A
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Explain what is meant by "investment in children," describing the goals and methods of the parents
What will be an ideal response?
Suppose the economy is in long-run equilibrium at an inflation rate of 1% Then inflation expectations rise to 2% and inflation rises to 3%. The increase in expected inflation shifts the short-run Phillips curve
a. right. Overall, unemployment moves above its natural rate. b. right. Overall, unemployment moves below its natural rate. c. left. Overall, unemployment moves above its natural rate. d. left. Overall, unemployment moves below its natural rate.
In terms of the world as a whole, imports must equal exports because
A. Every good exported by one country becomes an import for another country. B. The United Nations requires it. C. Most countries, other than the United States, have a balanced trade situation. D. It is part of international law.
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.