The ________ is when society enforces property rights, contracts, and other rules based on an established set of laws.
A. rule of one
B. rule of man
C. rule of law
D. rule of force
Answer: C
Economics
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Suppose the Fed's primary goal is price stability and it aims to keep the inflation rate at 2%. If the inflation rate rose above 2%, what should it do?
A) pursue an expansionary monetary policy B) pursue a contractionary monetary policy C) reduce the required reserve ratio D) impose a temporary ceiling on the federal funds rate
Economics
If an increase in investment of $50 causes an increase in real GDP of $250, the value of the spending multiplier is:
a. 5. b. .20. c. .80. d. 3. e. 10.
Economics