Centrally planned economies do not use the price system for anything

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline

Economics

Under English law, the rights of colonists differed from those of the English

Indicate whether the statement is true or false

Economics

If there is a recession, the Fed would most likely encourage banks to provide loans by:

a. buying government securities. b. raising the discount rate. c. selling government securities. d. raising the federal funds rate.

Economics

One major tax loophole intended to help state & local governments raise funds is:

a. fiscal federalism b. tax exempt municipal bond interest c. tax deductible mortgage interest d. tax credits for solar panels

Economics