What can the Fed accomplish by raising the reserve ratio?
a. It can counteract inflationary pricing.
b. It can increase consumer confidence.
c. It can reduce the money supply.
d. It can lower interest rates.
Question 2
Although the federal government's use of categorical aid rose significantly during President Johnson's Great Society years, it declined during the subsequent Nixon, Ford, and Carter administrations.
Indicate whether this statement is true or false.