Figure 11-1
?
In Figure 11-1, to achieve equilibrium at potential GDP, the government could
A. increase taxes.
B. decrease transfer payments.
C. increase government purchases.
D. None of the above is correct.
Answer: C
Economics
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The Kansas-Nebraska Act of 1854 did not allow popular sovereignty over the issue of slavery
Indicate whether the statement is true or false
Economics
In the long run the real interest rate is determined by ________, and in the short-run the Federal Reserve can control the real interest rate by setting the nominal interest rate if inflation adjusts ________.
A. the Federal Reserve; slowly B. the Federal Reserve; to equal the increase in the money supply C. saving and investment; slowly D. saving and investment; quickly
Economics