intro chap 2
identify a true statement about the debt ceiling
Voting on the debt ceiling happens separately from voting on taxes and spending.
In the context of monetary policy, when the economy is weak, the fed...
buy government securities on open market
in the context of economic systems, the two key phases of a business cycle are
contraction and expansion
ukanturk
fiscal policy
Troboli is a North American country
gross domestic product
irkholm
hyperinflation
which of the following is a difference between inflation and deflatoin
inflation is a period of rising average prices across an economy, where deflation is a period of falling averges prices across the country
In the context of mixed economies, which of the following statements is true of the U.S. federal government?
it is part owner in a number of financial institutions
identify a true statement about the federal reserve
it manages the monetary policy of the united states
Prior to formulating its annual budget, the government of the Asian country of Florenesia
macroeconomics
which is the part of economics concerned with single factors and the effects of individual decisions
microeconomics
which of the following is an example of a natural monopoly
public utilities
The economy of Sutanvia is under severe financial distress. However, over the last few months, the economy has gradually picked up, and employment levels are slowly rising back to normal levels. Consumers are also beginning to engage in regular buying activities. In this scenario, the economy of Sutanvia is currently in the _____ phase of its business cycle.
recovery
in a business cycle the ___ is the transition period between contraction and expansion
recovery
the board of governors of the federal holds a meeting
reduce the discount rate
government of bakhraan
socialism
gregory was a typist at a corporate firm
structural unemployment
economics is
study of choices made by people, companies, and government to allocate societies resources
During a period of grave financial crisis in the United States, Congress is pressurized to raise the limit on the maximum amount of money the government can borrow. Congress increases the limit on the condition that it will implement sharp tax hikes and across-the-board spending cuts to compensate for the raise and to ensure that the overall budget deficit decreases. In this scenario, the measures implemented by Congress will most likely create:
the fiscal cliff
central banking system in the country of darmos issues a notice
the reserve requirement
identify a true statement about pure market economies
they do not make sufficnet provison for the old, the younf, and the sick