Federal spending was highly expansionary during the 2007-2009 recession. During this same period, state and local government spending rose ________, and it ________ from 2009-2011
A) more than would be expected; rose again
B) more than would be expected; fell
C) less than would be expected; continued to rise
D) less than would be expected; fell
D
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The argument that many critics of free trade have suggested that genetic engineering of plants and animals could lead to accidental production of new diseases is the
A) national security argument. B) infant industry argument. C) protecting domestic jobs argument. D) environmental and safety argument.
If a bank posts a nominal interest rate of 4 percent, and inflation is expected to be 3 percent, then
a. the expected real interest rate is 7 percent. b. the expected real interest rate is 1 percent. c. the expected real interest rate is 1.33 percent. d. the expected real interest rate is 12 percent.