Traditionally, elementary and secondary education was an enterprise of state government
a. True b. False
b
You might also like to view...
The M2 multiplier in the United States is currently about
A) 16. B) 23. C) 4. D) 50. E) 1.
The ability of the federal government to regulate the distribution of income among families and individuals is
A) enormous, as shown by the redistribution that has occurred from the rich to the poor since World War II. B) largely limited to what can be accomplished through revisions in the rules of the game. C) unlimited because government is sovereign. D) virtually unlimited because few people would be willing to emigrate merely in order to escape taxation.
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Suppose the nominal interest rate is 4 percent annually, and you deposit $1,000. Inflation in the economy throughout the year is 5 percent. At the end of the year, you have earned:
A. a nominal increase in your savings of $40. B. an increase in your purchasing power. C. a real rate of return of 1 percent. D. All of these statements are true.