Current discussions about the financing of congressional campaigns and presidential elections focus on the problem of

When the expenditure level is above the full employment level of GDP, a possible consequence is

a. falling prices. b. rising prices. c. falling disposable income. d. high levels of unemployment.

The central bank of a country had, for a time, focused so strongly on reducing inflation that the level of unemployment increased beyond control. Currently, the central bank focuses so strongly on controlling unemployment that the inflation rate has increased. The main problem faced by the central bank is _____

a. it only focuses on a single factor b. it overestimates the inflation rate c. it does not consider the presence of disguised employment d. it is easily influenced by large business houses