In the period 1960–95, the federal government
(a) played, in general, a much larger role in the economy during this period than prior to World War II.
(b) played a small role in the economy, similar to the 1920s.
(c) eliminated most of the major programs for the federal government that were established by the New Deal in the 1930s, while state and local governments began to play a larger role in the economy.
(d) played a large role in defense spending but followed basically a laissez-faire policy toward the rest of the economy.
(a)
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Suppose a case of French wine has a price of 1,500 euros. To a U.S. wine importer, its price falls from $300 to $280. This could happen as a result of the dollar ___________ against the euro, which means the euro has a ____________ dollar price
A) depreciating; higher B) depreciating; lower C) appreciating; higher D) appreciating; lower
?_______ sets the rules and regulates and influences the activities of banks and other institutions.
A. The Bank of America B. The International Monetary Fund C. Congress D. The Federal Reserve