In recent decades, the United States
A) was essentially a closed economy.
B) was generally a net borrower of foreign funds.
C) was generally a net lender abroad.
D) experienced a net outflow of savings.
B
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If the Fed wishes to decrease the supply of money and credit, it may sell government securities, raise the discount rate, or lower required reserve ratios
Indicate whether the statement is true or false
In 2016, welfare spending accounted for almost _____ of federal outlays
a. 5 percent b. 10 percent c. 14 percent d. 20 percent e. 31 percent
The government's court case against Microsoft is an example of:
a. predatory pricing. b. antitrust enforcement. c. economic regulation. d. the regulatory dilemma.
To fight recession, the government may
A. decrease aggregate demand, which will also lead to lower unemployment rates. B. increase aggregate demand, which will also lead to higher price levels. C. increase aggregate demand, which will also lead to lower price levels. D. decrease aggregate demand, which will also lead to higher unemployment rates.