Last year, a basket of groceries cost $200. This year, the same basket of groceries costs 20 percent more. Which of the following could explain the difference?
a. an increase in the discount rate
b. open market operations
c. inflation
d. deflation
Ans: c. inflation
You might also like to view...
The U.S. immediately outlawed immigration after the Revolution so as to keep out potential British troublemakers and spies
Indicate whether the statement is true or false
Suburbs generally spend more on the ________ than central cities
A. law and order machinery B. construction of highways C. education of each child D. judicial infrastructure
Which of the following statements is NOT true regarding morality policy politics compared to the politics of other public policies?
a. Most public policy is primarily about distributing economic costs, whereas morality policy generally has little economic impact b. Morality policy is about government support of one set of values at the expense of another set of values. c. Morality policy debates are usually about the means to achieve a policy goal, rather than the ultimate goal. d. Proponents of most morality policies typically have no economic interest at stake.
Which of the following is part of the local party organization?
a. county chairs b. the state party chair c. the state executive committee d. state convention delegates e. the state committee vice chair