In the United States, who determines the combination of bond and money creation that finances the federal budget deficit?
A) the federal government itself
B) the Federal Reserve
C) the private banking system
D) private bond- and money-holders
B
Economics
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"Which came first, the chicken or the egg?" This question seeks to address the common fallacy of __________ in the context of correlation and causation.
A. reverse causality B. omitted variables C. linear relationships D. comparative analysis
Economics
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Economics