The federal budget process begins when federal agencies submit their budget requests to the:

a. Treasury Department.
b. Council of Economic Advisors (CEA).
c. Office of Management and Budget (OMB).
d. Congressional Budget Office (CBO).

c

Economics

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A combination of declining real GDP and rising price level is referred to as

A) a trough. B) deflation. C) stagflation. D) a depression. E) an expansion.

Economics

The amount of money that can potentially be generated from each dollar of reserves is measured by the ______.

a. money multiplier b. discount rate c. interest rate d. required reserve ratio

Economics