Author Question: Which of the following is TRUE of the U.S. trade balance and the federal government budget? A) In ... (Read 130 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
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



Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library