While economic regulation applies to ________ industries, social regulation applies to ________ firms
A) particular; individual
B) particular; all
C) all; individual
D) utility; healthcare
Answer: B
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In the United States, the federal income tax is an example of a
A) progressive tax. B) regressive tax. C) flat tax. D) proportional tax.
Cuts in government spending are a means by which inflationary gaps can be closed
Indicate whether the statement is true or false
Which of the following set of events is most likely to result in moderating the phases of a business cycle?
a. a war coupled with a major improvement in communications technology b. higher interest rates coupled with a decrease in the demand for housing c. the invention of the silicon chip coupled with the invention of a new energy source d. decrease in capital stock coupled with the invention of high-definition television e. a war coupled with higher interest rates
All of the presidents of the regional Federal Reserve banks
a. attend each FOMC meeting. b. have voting rights at each FOMC meeting. c. are appointed by the president of the U.S. and confirmed by the U.S. Senate. d. All of the above are correct.