How many members are on the Board of Governors of the Federal Reserve System?
A. Nine
B. Seven
C. Fourteen
D. Twelve, one for each district
Answer: B
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The government sector balance is equal to net taxes ________ government expenditure on goods and services
If that number is ________, a government sector surplus is lent to other sectors; if that number is ________, borrowing from other sectors must finance a government deficit. A) plus; positive; negative B) minus; negative; positive C) minus; negative; negative D) minus; positive; positive E) minus; positive; negative
During the Global Economic Crisis, the increase in the unemployment rate in Europe was
A) equal to that in the United States. B) less than that in the United States. C) greater than that in the United States. D) impossible to compare given that Europe did not experience crises.