An example of U.S. public investment in infrastructure would be:
A. a wastewater treatment system.
B. an oil and gas pipeline.
C. a manufacturing plant.
D. a construction company.
Answer: A
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There tends to be ________ relationship between the growth rate of the money supply and the inflation rate
A) an inverse B) a direct C) no significant D) a negative
One of the most important and most visible roles of the IMF is to
A) hold regular negotiations over tariff reductions. B) investigate countries that are charged with being unfair traders. C) provide loans to countries that need capital to develop their economies. D) intercede by invitation when countries cannot pay their international debts. E) serve as a forum for negotiating free trade agreements between groups of nations.
A spike in "All Other Outlays" of the federal government in 2009 was due to: a. an increase in the financial aid given to Greece earlier that year
b. an increase in the expenditures on Social Security and Medicare. c. the fiscal stimulus package passed earlier that year. d. a sudden increase in military expenditure as a result of the war in Iraq. e. an increase in the national debt earlier that year.
An economic expansion caused by a shift in aggregate demand remedies itself over time as the expected price level
a. falls, shifting aggregate demand right. b. rises, shifting aggregate demand left. c. falls, shifting aggregate supply right. d. rises, shifting aggregate supply left.