Which of the following is true of the federal budget?
a. The federal budget is a plan that describes a government's monetary policy for the current financial year
b. The federal budget is a plan that describes a government's fiscal policy for the current financial year.
c. The federal budget is a plan that describes the president's take on the economy.
d. The federal budget is a plan for federal government outlays and revenues for a specified period, usually a year.
e. The federal budget is a plan that describes the eligibility criteria of the major entitlement programs taken up by Congress for the current financial year.
d
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The demand for money ________ when the ________
A) increases; nominal interest rate increases B) decreases; price level increases C) increases; supply of money decreases D) remains constant; price level increases E) increases; price level increases
Refer to the below table. What would the wage rates be if the 12 million female workers could work in labor market C only because of labor market discrimination, while half the 12 million male workers are employed in labor market A and the other half in labor market B?
Suppose there are only three labor markets (A, B, and C) in the economy and each of these markets is purely competitive. The table below contains the demand (or marginal-revenue-product) schedule for labor in each of these three markets. Assume there are 24 million homogeneous workers in the economy and that one-half of these workers are male and one-half are female
A. $7.00 for females and $7.00 for males
B. $7.00 for females and $13.00 for males
C. $8.00 for females and $13.00 for males
D. $8.00 for females and $11.00 for males