The main purpose of the Fed is to:
a. serve as the bankers' bank for member banks.
b. regulate interest rates.
c. print Federal Reserve Notes.
d. regulate financial institutions.
e. maintain the proper functioning of our money system.
e
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An increase in the marginal tax rate
A) decreases the expenditure multiplier but cannot make it negative. B) has no effect on the expenditure multiplier. C) can either increase or decrease the expenditure multiplier. D) increases the expenditure multiplier. E) decreases the expenditure multiplier and can make it negative.
As welfare rolls declined during the late 1990s and early 2000s,
a. states with aggressive work requirements found that their federal grants also declined b. states with aggressive work requirements were rewarded with larger federal grants c. few welfare recipients were able to find jobs d. there was a significant increase in welfare spending per recipient e. states cut back on their provision of services such as job placement and child care
The economy could produce at 8 units of outboard motors and 18 units of robots
A. immediately only under unusual circumstances such as war.
B. if there is economic growth over a period of years.
C. under no circumstances.
D. immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
Steve Ballmer organized government spending data on the basis of four "missions" for government that he identified in the preamble to the U.S. Constitution. The data
A) reinforces previously gathered data that most of the basic activities of government are conducted at the state and local levels rather than at the federal level. B) reinforces previously gathered data that most of the basic activities of government are conducted at the federal level rather than at state and local levels. C) contradicts previously gathered data that most of the basic activities of government are conducted at the state and local levels rather than at the federal level. D) contradicts previously gathered data that most of the basic activities of government are conducted at the federal level rather than at state and local levels.