In 1960, more than half (52 percent) of federal expenditures were for national defense. In 2003, national defense accounted for approximately
a. 60 percent of the federal budget.
b. 44 percent of the federal budget.
c. 29 percent of the federal budget.
d. 21 percent of the federal budget.
D
Economics
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If unemployment is the major problem in the economy, which of the following would be an appropriate monetary policy response?
a. decrease the required reserve ratio b. decrease the interest rate the Fed pays on bank reserves c. buy government bonds d. all of the above
Economics
The relationship between sales and revenue is
A) an inverse relationship. B) a direct relationship. C) a negative relationship. D) independent.
Economics