The American Recovery and Reinvestment Act of 2009 was introduced in the hope of:
A. reducing government spending.
B. achieving a balanced budget.
C. providing healthcare to the uninsured.
D. shortening the Great Recession.
Answer: D
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To shift the RS curve rightward as illustrated, the Fed has ________ government securities in the open market. The Fed will undertake this type of policy if it is concerned about ________
A) sold; recession B) sold; inflation C) bought; recession D) bought; inflation E) None of the above answers is correct.
If government regulations make a certain job less dangerous, then we'd expect that the supply of labor for that job would
a. increase, which by itself would raise the wage for that job. b. increase, which by itself would reduce the wage for that job. c. decrease, which by itself would raise the wage for that job. d. decrease, which by itself would reduce the wage for that job.
When an economist states that the monetarist transmission mechanism is "direct" it means that a change in the money supply creates a direct impact on the goods and services market
Indicate whether the statement is true or false
If the price index rises from 200 to 250, the purchasing power value of the dollar:
A. may either rise or fall. B. will rise by 25 percent. C. will fall by 25 percent. D. will fall by 20 percent.