In 2006 and 2007 the U.S. faced an inflationary gap which would suggest the use of restrictive fiscal policy

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


True

Economics

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The Fed is

A) shielded from political pressure. B) officially independent from the federal government. C) staffed by Congressmen who are biased toward monetary expansion. D) responsible for minting coins and collecting taxes.

Economics

Economists believe the most persuasive argument for protectionism is to

A) protect high wages. B) save jobs. C) protect infant industries. D) protect national security.

Economics

What happened to government expenditures during World War II?

a. They increased. b. They decreased. c. They were suspended. d. They were capped.

Economics

Changing the price of a good will usually result in a negative externality

Indicate whether the statement is true or false

Economics