The Board of Governors is made up of experts in:
A. finance and banking.
B. accounting standards.
C. fiscal policy.
D. public policy
A. finance and banking.
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Which of the following best describes the cause-and-effect chain of an expansionary monetary policy?
A. An increase in the money supply will lower the interest rate, increase investment spending, and increase aggregate demand and GDP. B. A decrease in the money supply will raise the interest rate, decrease investment spending, and decrease aggregate demand and GDP. C. A decrease in the money supply will lower the interest rate, increase investment spending, and increase aggregate demand and GDP. D. An increase in the money supply will raise the interest rate, decrease investment spending, and decrease aggregate demand and GDP.
During the Great Depression, what appeared to be ________ fiscal policy was actually not when the ________ budget deficit or surplus is examined
A) expansionary; cyclically adjusted B) contractionary; actual C) expansionary; actual D) contractionary; cyclically adjusted
If Don paints the outside of his house a horrendous color: a. he probably has lowered the value of his home, but not that of his neighbors' homes
b. he probably has lowered the value of his home and the value of his neighbors' homes. c. he probably has lowered the value of his neighbors' homes but not the value of his own home. d. none of the above
Which of the following statements is TRUE about the difference between the public debt and the government budget deficit?
A. The public debt for this year will increase or decrease depending upon whether there is a government budget deficit or a government budget surplus. B. The public debt always increases while the government budget deficit may increase or decrease. C. There is no relationship between the public debt and the government budget deficit since one is a stock measure and the other is a flow measure. D. The public debt is a flow measure and the government budget deficit is not a flow measure.