If the Fed desires an interest rate increase, the Federal Open Market Committee (FOMC) could buy U.S. government securities in the open-market

When exchange rates are limited to small fluctuations, but not totally fixed, economists refer to the situation as:

a. essentially fixed. b. essentially floating. c. relatively floating. d. intermediate regimes.

Which of the following is a normative economic statement?

A. The poverty rate hit a new high last year and income distribution also worsened B. Health care accounts for roughly a third of total spending in the economy C. The government needs to revamp the Social Security program to make it sustainable D. Retail sales are expected to continue on their downward trend in the next three quarters