The key agency in the preparation of the president's budget is
A. the Treasury.
B. the Office of Management and Budget (OMB).
C. the Comptroller of the Currency.
D. the Department of the Defense.
B. the Office of Management and Budget (OMB).
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Suppose a price index is formed to measure changes in the price level between 2005 to 2010. To form a Laspeyres price index, one would
a. compare the cost of the typical basket of goods purchased in 2005 with the cost of the typical basket of goods purchased in 2010. b. calculate the increase in the cost of the typical market basket purchased in 2005. c. calculate the increase in the cost of the typical market basket purchased in 2010. d. take the typical basket of goods purchased in 2007, and compare the costs of that basket in 2005 and 2010.
How are the nominal and real demands for money related to changes in the price level?
What will be an ideal response?
Total physical product shows what happens to the quantity of an output when the firm changes the quantity of an input
a. True b. False Indicate whether the statement is true or false
The true burden of the internal debt is the opportunity cost of the activities financed by the debt, and the burden occurs when the debt-financed activity takes place.
Answer the following statement true (T) or false (F)