Centrally planned economies do not use the price system for anything
a. True
b. False
Indicate whether the statement is true or false
False
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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
Under English law, the rights of colonists differed from those of the English
Indicate whether the statement is true or false
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.
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