Monetary policy affects two main economic variables: the supply of money in circulation and interest rates
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is a component of modernization theory?
a. potential democratization b. economic equality c. movement from urban areas to rural areas d. replacement of a service economy with a manufacturing economy
Which of the following statements about the Real Plan is INCORRECT? a. It was introduced to address Brazil's fiscal problems
b. It introduced a new currency. c. It fixed the Brazilian currency to a value range against the U.S. dollar. d. It significantly lowered the country's inflation rate. e. It was instituted by President Cardoso.
In Korematsu v. United States (1944), the Supreme Court upheld the government's decision to place Japanese Americans, no matter their citizenship, into internment camps. Which branch of government was interpreting the law?
a. Legislative b. Judicial c. Administrative d. Executive
The fact that 43 percent of people filing income tax returns in 2013 paid no income tax at all is partly explained by the fact that the income tax is __________.
a. regressive
b. progressive
c. proportional
d. flat