Which of the following is NOT an economic function of the U.S. government?
A) promoting competition
B) providing public goods
C) promoting price stability
D) encouraging production of government-inhibited goods
Answer: D
Economics
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If the real interest rate is 7 percent and the inflation rate is 7 percent, then the nominal interest rate is
A) 0 percent. B) 3.5 percent. C) 7 percent. D) 14 percent.
Economics
During unanticipated inflation,
A. savers lose. B. borrowers gain. C. lenders lose. D. All of the choices are correct.
Economics