A ________ is a congressional agreement about total outlays, spending by major category, and expected revenues, that guides spending and revenue decisions by the many congressional committees and subcommittees
a. continuing resolution
b. budget resolution
c. disclaimer vote
d. filibuster
b
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The existence of an inflationary gap would tend to benefit most
A. bankers. B. retired persons. C. unemployed workers. D. stock owners.
Assume that when $100 of new reserves enter the banking system, the money supply ultimately increases by $800 . Assume also that no banks hold excess reserves and that the entire money supply consists of bank deposits. If, at a point in time, reserves for all banks amount to $750, then at that same point in time, loans for all banks amount to $6,000
a. True b. False Indicate whether the statement is true or false
The price elasticity of demand is ?2.0 for a certain firm's product. If the firm raises price, the firm manager can expect total revenue to:
A. increase. B. remain constant. C. decrease. D. either increase or remain constant, depending upon the size of the price increase.
Which of the following is NOT a voluntary exchange?
A) Jose loses his smartphone on the way home. B) Marie buys groceries. C) Jason pays $20,000 for tuition and fees this semester. D) Emily buys a $500 plane ticket to fly from Miami to Dallas on short notice.