During which of the following time periods did inflation remain above 5 percent every year?
A) 1990 through 1999 B) 1973 through 1982 C) 1968 through 1971 D) 1958 through 1962
B
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"The federal budget is required by law to balance." Is the previous statement correct or incorrect?
What will be an ideal response?
Which of the following methods of restricting trade does NOT create a deadweight loss?
A) a tariff B) a quota C) a voluntary export restraint D) Both answers A and B are correct. E) None of the above answers is correct because all the methods create a deadweight loss
A black market is a market in which
A) goods are traded at prices above their legal maximum prices. B) sales taxes are effectively doubled. C) goods are sold at outlet prices. D) sales take place exclusively at outlet prices.
Coins in the hands of the public are
A. included in M1, but not in M2. B. included in both M1 and in M2. C. included in M2, but not in M1. D. excluded from M1 and M2 because people can exchange them for Federal Reserve notes.