Which of the following is correct?
a. The Continental Congress used the inflation tax to help finance the American Revolution.
b. The inflation is today a principal source of revenue for the U.S. government.
c. There is no way a person can avoid the inflation tax.
d. Governments can only raise revenues through taxation.
a
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In the United States decisions to increase interest rates are made by the ________ and decisions to increase taxes are made by ________.
A. Congress; the Federal Reserved. B. the Federal Reserve; Congress C. Congress; Congress D. the Federal Reserve; the Federal Reserve
A ________ is known as a combination or cartel consisting of firms that place their assets in the custody of the board of trustees.
Fill in the blank(s) with the appropriate word(s)
Based on the information in the table, if the public had not decided to hold more currency in 1932, but the actions of the Federal Reserve and the banks remained the same, the money supply at the end of 1932 would have been: Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. $35.9 billion B. $34.2 billion C. $36.1 billion D. $33.8 billion
GDP is supposed to measure the goods ________ the United States.
A. purchased in B. produced in C. imported to D. exported to