When Federal Reserve Banks add to their holdings of government securities,
A) commercial banks must reduce their net lending.
B) commercial bank reserves increase.
C) the Fed is extending less credit to the economy.
D) the stock of money declines.
Question 2
Households in the former Yugoslavia were required to declare the number of radios and television sets they owned, and to pay a monthly tax on each. From the perspective of the free-rider problem, the radio and TV taxes attempted to
A) generate negative externalities on Yugoslav households.
B) generate positive externalities on Yugoslav households.
C) coerce households into paying for the radio and television broadcasts.
D) coerce households into listening less to radio and watching less television.
Female Hector's dolphin jumping off Banks Peninsula, New Zealand
Cheetah at the Maasai Mara National Reserve
Federal vs state law
This graphic illustrates the original systems model of politics advanced by David Easton. Politics
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Annual Federal Deficit (or Surplus), 1992–2016