An economic system is said to be
a market system if there is substantial central planning.
a traditional system if it relies on simple market trading.
a market system if it relies on self-interested behavior and incentives.
If taxes increase and the AS curve is upward sloping, then
output falls and the price level falls.
output increases and the price level increases.
output falls and the price level increases.
output increases and the price lev
Which of the following interest rates does the Fed use as a target for
thirty-year government bond rate
federal funds rate
Treasury bill rate
The answer can be
The measure that shows how much of the deficit is due to a downturn
in economic activity is
the structural deficit.
the real deficit.
the actual deficit.
the cyclical deficit.
the budget deficit excluding Social Security acco
Week 2 Discussion 2
Our inflation rate comes from the percent change in CPI
(consumer price index) every year. There are three major
CPI categories, they are food, energy, and all items less
food and energy. There are also several subcategories