Government efforts to use taxes and government spending to help stabilize the economy are called ______.
a. regulatory laws
b. exchange rates
c. fiscal policies
d. income guidelines
c. fiscal policies
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Higher rates of anticipated inflation would tend to:
a. increase velocity and decrease nominal GDP. b. increase velocity and increase nominal GDP. c. decrease velocity and decrease nominal GDP. d. decrease velocity and increase nominal GDP.
Nominal gross domestic product for the United States was $7,661.6 billion in 1996 and $8,110.9 billion in 1997 . The GDP deflator was 109.5 in 1996 and 111.6 in 1997
a. What was the 1997 real GDP expressed in 1996 prices? b. What were the 1996 and 1997 GDPs expressed in base-year prices? c. What was the percent change in the nominal GDP between 1996 and 1997? d. What was the percent change in real GDP between 1996 and 1997? e. What was inflation between 1996 and 1997?
Quick conclusions about the behavior of SAT scores should be made with care because
A. more, and on average more academically capable, people take the exam now than years ago. B. fewer, and on average less academically capable, people take the exam now than years ago. C. fewer, and on average more academically capable, people take the exam now than years ago. D. more, and on average less academically capable people, take the exam now than years ago.
The impact of declining stock prices in the U.S. during the period 2000-2002 on U.S. household wealth was at least partially offset by:
A. an increase in the saving rate. B. an increase in public saving. C. a decrease in the saving rate. D. increasing housing prices