Which of the following is TRUE of the U.S. trade balance and the federal government budget?
A) In most years since the 1970s, both have been in deficit.
B) In most years since the 1970s, both have been in surplus.
C) The federal government budget deficit was more variable before the 1970s, but the trade deficit has been more variable since.
D) Both exhibited greater variability before the 1970s than they have since.
Question 2
If the federal funds rate is set by the Taylor rule and the inflation rate increases by 3 percentage points, everything else remaining unchanged, for a given inflation target, the federal funds rate should ________.
A) increase by 3 percentage point B) decrease by 3 percentage points
C) increase by 4.5 percentage points D) decrease by 1.5 percentage points
true story
Sodium Balance
Federal vs state law
This chart shows the various lines of responsibility and how they differ in presidential and parliam
Acid–Base Balance
Flexible exchange rates are supposed to prevent long-term trade deficits.