eco

how much interest accumulates annually on our federal debt

300 billion

which of the following would be true if the government increased the size of the military

the government would have less money to spend on other exp

jean baptiste say was a classical economist with which of the following statements would she agree on

the long-run aggregate supply curve is vertical

in the quantity theory of money "M" represents which of the follwing

the money supply

fiscal or monetary? which is best? which of the following statements is true

this is a weakness of monetary policy as the government overshot

why would central bank purchase securites

to decrease the unemployment and kick-start the economy

monetary policy can be used for which of the following purposes

to support the same goals as thr fiscal policy

supporters of laissez-fair believe which of the following is true

you cannot improve factors of production with monetary policy

which of the following best described what "balanced budget" is?

a balance where expenses are equal to

according to the table which of the following statements is true

a federal chairman and the president need to work together to get fiscal and monetary policy

which of the following represents an unseen negative result of government acction

a nurse being laid off because the government decidees to manage medical care

the quantity theory of money states that mv =pq a tripling in the quantity of money must lead to what effect

a tripling of money or

which of the following are the three main ways to affect monetary policy?

adjust the federal fund rate, change the federal reserve ratio or buy/sell treasuries

non-discretionary fiscal policy is the same concept as which of the following?

an automatic increase or decrease in federal spending

Non-Discretionary Fiscal Policy includes federal expenses which increase during recessions and decrease during expansions. what are these known expenses

automatic stabilizers

non discretionary items will increase or decrease without any action by congress or the president. which of the following describes this behavior of non discretionary items?

automatic stabilizersa

which of the following is considered "dove-ish" in regards to monetary policy

buying treasuries

which of the following is considered a strength of monetary policy?

controlling the money supply

there are three 'link's in the chain between monetary policy, inflation and gdp which is the last link or step in the chain

decrease in nomial gdp and real gdp

according to the table which of the following would be an example of expansionary monetary policy

decreasing the

which of the following is a strength of monetary policy

discount rate

if both the monetary and fiscal policies are working together in a bad economy what are they trying to do?

expand the economy

which of the following would be another term for "prime rate"

federal fund rate

every modern nation has a central bank which of the following is the central bank for the united states

federal reserve

a balance occurs where expenditures are equal to revenue received during a certain period of time. which of the following is a description of how this may occur?

government expendtitures are the same as tax revenue

the term laissez fair is best described with which of the following phrases

hands off

which of the following would milton friedman most likely say if you wanted the economy to improve

id fix it by controlling the money supply or something else

what level of annual deflation does the federal reserve consider to be dangerous

if it falls under 2%

if recent trends continue the current debt for the united states is expected to do which of the following in the next several years

increase

which of the following must be paid back on any loan taken on by the government

interest

which of the following is not a charachteristic of fiscal policy

laissez-fair

classical economist support which amount of the government intervention into the economy

limited

which economic principle do classical economist most believe in?

no interference from the government

one method of budget balancing is annual budget balancing. how are annual budgets balanced

once per year

discretionary policy is a tool of congress and the president. it involved spending on what kind of issues?

road, bridges

the basis of the laffer curve is human behavior. what is the motivating factor driving human behavior and the shape of the laffer curve?

self-interest

there are two different ways to measure gross domestic product. which of the following is not a method of measurement

standard gdp

the federal reserve is concerned with monetary police. this means that the federal reserve wants to achieve which goal

steady and predictable growth in the money supply

the laffer curve shows that human behavior is very responsive to which of the following

tax-rates

those who believe in monetarism believe what should be lowered or raised

M3