Between 1998 and 2001, the federal budget was:

a. never in surplus.
b. in surplus about as often as it was in deficit.
c. in surplus.
d. never in deficit.

c

Economics

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________ unemployment rises and falls with economic fluctuations

A) Cyclical B) Frictional C) Structural D) Inflationary

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If the FOMC decides that the Fed should buy bonds it

A) instructs the New York Federal Reserve Bank's trading desk to buy them. B) asks the Congress for permission to buy them. C) requires the permission of the Financial Oversight Committee. D) requires the President's signature on the buy order.

Economics