According to the information in Table 13.1, M2 is equal to
A) $840 billion. B) $1,062 billion. C) $1,692 billion. D) $1,862 billion.
D
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Both presidents Kennedy and Reagan proposed significant cuts in income taxes because
A) they wanted to offset their proposals to increase other taxes. B) they believed that the tax cuts would enhance economic efficiency. C) state governments had increased their taxes and they believed the tax cuts they proposed would result in most citizens paying about the same total state and federal taxes. D) at the time of their proposals the federal government was experiencing budget surpluses; that is, tax revenue exceeded government expenditures.
On paper, the Bank of Canada has ________ instrument independence and ________ goal independence when compared to the Federal Reserve System
A) less; less B) less; more C) more; less D) more; more