Answer the following questions true (T) or false (F)
1. Both U.S. Congress and the Executive Branch share responsibility for the formulation of U.S. trade policy.
1. TRUE
You might also like to view...
GDP tends to overstate economic well-being because it takes into account ________.
A. improvements in product quality over time B. expenditures undertaken to correct pollution C. nonmarket activities, such as the productive work of homemakers D. illegal activities of individuals and businesses
The United States would be characterized as having:
A. a controlled domestic interest rate, an open capital market and a flexible exchange rate. B. a controlled domestic interest rate, an open capital market and a fixed exchange rate. C. no control over the domestic interest rate, an open capital market and a flexible exchange rate. D. a controlled domestic interest rate, a closed capital market and a flexible exchange rate.
If aggregate demand shifts because of a wave of pessimism about stock prices, those who favor a policy that "leans against the wind" would advocate the
a. Federal Reserve increase the money supply or the government increase taxes. b. Federal Reserve increase the money supply or the government decrease taxes. c. Federal Reserve decrease the money supply or the government increase taxes. d. Federal Reserve decrease the money supply or the government decrease taxes.
If the Fed adopts a contractionary monetary policy, eventually we can expect _____
Fill in the blank(s) with the appropriate word(s).