Related to the Economics in Practice on p. 431: ________ is responsible for producing and maintaining the National Income and Product Accounts (NIPAs).
A. The Department of Commerce
B. The Department of the Treasury
C. The Federal Reserve Bank
D. Congress
Answer: A
You might also like to view...
A recession shows
A) supply always equals demand. B) supply never equals demand. C) thousands of businesspeople have misread market signals. D) real GDP must be lower than nominal GDP. E) not enough households are using their credit cards.
If the central bank did not follow the Taylor principle, an increase in inflation would lead to ________
A) a decrease in the nominal interest rate B) an increase in inflation C) a decrease in aggregate expenditure D) all of the above E) none of the above
Microeconomics involves the analysis of smaller, less developed economies while macroeconomics is concerned with the analysis of larger developed economies
a. True b. False
Control of the Federal Reserve is held by the __________.
Fill in the blank(s) with the appropriate word(s).