Financial markets are regulated by
A) the Securities and Exchange Commission.
B) the Stock and Bond Exchange Commission.
C) the Security and Protection Commission.
D) the Stock and Exchange Commission.
Answer: A
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A steep IS curve implies that
A) an increase in money supply will change output by a relatively small amount. B) a decrease in taxes will change output by a relatively small amount. C) changes in money supply will have large multiplier effects on output. D) A and B.
During the twentieth century, a primary driver of the expansion of the U.S. income tax system has been _____
a. westward expansion b. natural disasters c. military conflict d. withholding
The dollar is said to depreciate against the euro if
a. the exchange rate falls. Other things the same, it will cost fewer euros to buy U.S. goods. b. the exchange rate falls. Other things the same, it will cost more euros to buy U.S. goods. c. the exchange rate rises. Other things the same, it will cost fewer euros to buy U.S. goods. d. the exchange rate rises. Other things the same, it will cost more euros to buy U.S. goods.
Which of the following would make the spending multiplier smaller?
A) a reduction in marginal propensity to save B) a small initial trade deficit C) a reduction in the marginal propensity to import D) a real appreciation E) none of the above