Which of the following was true of the United States before 1970?
a. The government was not responsible for promoting employment, output, and purchasing power.
b. Most macroeconomic instability was caused by changes in international oil prices
c. Most macroeconomic instability was caused by shifts of aggregate demand.
d. Most macroeconomic instability was caused by the depreciation of the dollar.
e. The government was responsible for using monetary policy to correct a depression.
c
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Controls on GHG emissions from mobile sources
a. have been in place in the United States since the Clean Air Act of 1970 b. were recently established by the EPA and the National Highway Traffic Safety Administration (NHTSA) c. are implemented solely through CAFÉ standards issued by the EPA d. apply solely to heavy-duty trucks and rail transport vehicles
Regulating the amount of money in the United States is one of the most important responsibilities of the
A) State Department. B) state governments. C) Treasury Department. D) Federal Reserve. E) U.S. Mint.
If the final expressions in a present value equation used to calculate the price of a bond you are considering buying are "[$50 / (1 + .08)3] + [$500 / (1 + .08)3]," which of the following is correct?
A) The face value is $500, the coupon is $50, and the coupon will mature in 3 years. B) The face value is $50, the interest rate you need is 8 percent, and the coupon will mature in 3 years. C) The coupon is $50, the interest rate you need is 1.08 percent, and the coupon will mature in 3 years. D) The face value is $500, the interest rate you need is 3 percent, and the coupon will mature in 8 years.
If an economy experiences an increase in its capital stock, everything else constant, then its production possibilities frontier (PPF) will
A) expand outward but keep its original shape. B) expand outward largely in the direction of the labor intensive good. C) expand outward largely in the direction of the capital intensive good. D) not expand until the labor force grows.