Explain how public goods provided by the federal government differ from public goods provided by the state and local governments
What will be an ideal response?
The federal government provides goods and services such as national defense and the legal system. These are goods and services that benefit the entire nation or else substantial parts of it. The state and local governments provide mainly education and highways, which benefit primarily residents within the state or locality.
Economics
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The inflationary effect of an expansionary monetary policy depends on the slope of the aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Economics
If the labor force is 90 million and the number of people who are looking for jobs but cannot find them is 9 million, the unemployment rate is:
A. 9 percent. B. 91 percent. C. 81 percent. D. 10 percent.
Economics