The federal budget process begins when federal agencies submit their budget requests to the:
a. Treasury Department.
b. Council of Economic Advisors (CEA).
c. Office of Management and Budget (OMB).
d. Congressional Budget Office (CBO).
Ans: c. Office of Management and Budget (OMB).
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Long-run full-employment equilibrium assumes:
A. a downward-sloping production function. B. a downward-sloping long-run supply curve (LRAS). C. the CPI index price level equals the equilibrium wage rate. D. aggregate demand (AD) equals short-run aggregate supply (SRAS) equalslong-run aggregate supply (LRAS).?
Public officials, like voters, often have a lack of incentive to become fully informed about legislative issues.
Answer the following statement true (T) or false (F)
What are the three types of advocacy?
Evidence of a negative correlation between income per capita and population growth rates ________
A) implies that birth control is most effective in low-income countries B) has not been found in the available data C) is consistent with the Solow model D) suggests that population growth stimulates technological progress