In the fall of 2008, the Federal Reserve lowered its target for the federal funds rate to nearly 0 percent. What is the name of the group within the Federal Reserve that made this decision?
A. Federal Funds Operating Group
B. Federal Advisory Committee
C. Federal Deposit Insurance Corporation
D. Federal Open Market Committee
Answer: D
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If the federal government is seeking to reduce large budget deficits, the flexibility of fiscal policy is
a. limited when trying to combat inflation. b. increased when trying to combat unemployment. c. limited when trying to combat unemployment. d. unaffected whether trying to combat inflation or unemployment.
Increasing wage inequality results when international trade leads to ________ wages for workers in exporting industries and ________ wages for workers in importing industries.
A. higher; lower B. higher; higher C. lower; no change in D. lower; higher
The payroll tax for Social Security in the United States is
A. proportional. B. uniform. C. regressive. D. progressive.
The U.S. Public Debt
A) is issued and managed by the Federal Reserve System B) is issued and managed by the U.S. Department of Commerce C) is equal to the total amount owed by the federal government D) is less than the federal budget deficit